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
| Parameter | Value (Base) |
|---|
| Isolation Mode | No |
| Borrowable | Yes |
| Collateral Enabled | Yes |
| Supply Cap | 200 |
| Borrow Cap | 20 |
| Debt Ceiling | - |
| LTV | 73% |
| LT | 78% |
| Liquidation Bonus | 10% |
| Liquidation Protocl Fee | 10% |
| Variable Base | 0% |
| Variable Slope1 | 4% |
| Variable Slope2 | 300% |
| Uoptimal | 45% |
| Reserve Factor | 20% |
EURC
| Parameter | Value |
|---|
| Isolation Mode | No |
| Borrowable | Yes |
| Collateral Enabled | Yes |
| Supply Cap | 3,000,000 |
| Borrow Cap | 2,700,000 |
| Debt Ceiling | - |
| LTV | 65% |
| LT | 70% |
| Liquidation Bonus | 7.5% |
| Liquidation Protocol Fee | 10% |
| Reserve Factor | 20% |
| Variable Base | 0% |
| Variable Slope1 | 7% |
| Variable Slope2 | 75% |
| Uoptimal | 90% |
Resources/References
