Proposals

Proposals

/

Proposal

Canceled

[SIP-29] Listing cbBTC and EURC

User profile image

by

by

0x6D0C9128165A7BF2A2072319129D49D8F...

0x6D0C...fe0A

ID 711960...0487

ID 711960...0487

Proposed on: Oct 9th, 2024

Proposed on: Oct 9th, 2024

Result details
Final Votes

Quorum

2.04M of 0

Majority support

Yes

For

2.03M

Against

65.52K

Abstain

15.13K

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

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

2.04M of 0

Majority support

Yes

For

2.03M

Against

65.52K

Abstain

15.13K

Final Votes
Status

Wed Oct 9, 05:11 pm

Published onchain

User profile image

0x6D0C...fe0A

Fri Oct 11, 05:11 pm

Voting period started

Mon Oct 14, 05:11 pm

Voting period ended

Proposal canceled