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Proposal

Executed

[SIP-29] Listing cbBTC and EURC (2)

User profile image

by

by

0x6D0C9128165A7BF2A2072319129D49D8F...

0x6D0C...fe0A

ID 376063...2155

ID 376063...2155

Proposed on: Oct 18th, 2024

Proposed on: Oct 18th, 2024

Result details
Final Votes

Quorum

1.96M of 0

Majority support

Yes

For

1.94M

Against

65.52K

Abstain

26.81K

Actions

Type

Address

Details

Custom

0xFDd4...3b01

setAssetSources(..)

Custom

Account

0xFDd4...3b01

Method

setAssetSources(..)

Custom

0x7B08...05A0

initReserves(..)

Custom

Account

0x7B08...05A0

Method

initReserves(..)

Custom

0x7B08...05A0

configureReserveAsCollateral(..)

Custom

Account

0x7B08...05A0

Method

configureReserveAsCollateral(..)

Custom

0x7B08...05A0

configureReserveAsCollateral(..)

Custom

Account

0x7B08...05A0

Method

configureReserveAsCollateral(..)

Proposal

There was an issue with the previous SIP 29 proposal payload, the payload has been fixed and requires another vote.

Summary

The Seamless community would like to add cbBTC and EURC to Seamless lending markets as collateral and borrowable assets.

Context and motivation

Both cbBTC and EURC are new and important assets on Base and should be listed on Seamless Protocol.

Chaos Labs Recommendations

cbBTC

ParameterValue (Base)
Isolation ModeNo
BorrowableYes
Collateral EnabledYes
Supply Cap200
Borrow Cap20
Debt Ceiling-
LTV73%
LT78%
Liquidation Bonus10%
Liquidation Protocl Fee10%
Variable Base0%
Variable Slope14%
Variable Slope2300%
Uoptimal45%
Reserve Factor20%

EURC

ParameterValue
Isolation ModeNo
BorrowableYes
Collateral EnabledYes
Supply Cap3,000,000
Borrow Cap2,700,000
Debt Ceiling-
LTV65%
LT70%
Liquidation Bonus7.5%
Liquidation Protocol Fee10%
Reserve Factor20%
Variable Base0%
Variable Slope17%
Variable Slope275%
Uoptimal90%

Resources/References

Final Votes

Quorum

1.96M of 0

Majority support

Yes

For

1.94M

Against

65.52K

Abstain

26.81K

Final Votes
Status

Fri Oct 18, 04:49 pm

Published onchain

User profile image

0x6D0C...fe0A

Sun Oct 20, 04:49 pm

Voting period started

Wed Oct 23, 04:49 pm

Voting period ended

Wed Oct 23, 05:06 pm

Proposal queued

Fri Oct 25, 05:06 pm

Proposal executed