Enable ATOM as collateral for the minting of CMST

Harbor Discussion
1

The purpose of this thread is to enable ATOM as collateral for the minting of CMST.

A user may open a position in any of the vaults based on his needs, each of which will have a distinct CR ratio, debt ceiling, stability fee, and other relevant parameters. The parameters for creating three vaults are outlined in the following proposal.

Parameters for ATOM-A vault:

  • CR ratio: 140%
  • Stability fee: 4.5%
  • Debt ceiling: 250k
  • Debt Floor value: 100$
  • Drawdown fee: 0.5%
  • Closing fee: 0.5%
  • Liquidation penalty:15%

Parameters for ATOM-B vault:

  • CR ratio: 170%
  • Stability fee: 3.5%
  • Debt ceiling: 350k
  • Debt Floor value: 100$
  • Drawdown fee: 0.5%
  • Closing fee: 0.5%
  • Liquidation penalty:15%

Parameters for ATOM-C vault:

  • CR ratio: 200%
  • Stability fee:2.5%
  • Debt ceiling: 400k
  • Debt Floor value:100$
  • Drawdown fee: 0.5%
  • Closing fee: 0.5%
  • Liquidation penalty: 15%

The above numbers are decided per the risk parameter blog.

4 Likes
2

Sounds good to me. Lets get this rolling to a proposal & implement.
Will this also help in Mission 2 for Harbor airdrop ie. ‘MINT CMST on HARBOR’ ?

2 Likes
3

Yes it will help in mission 2.

2 Likes
4

Would you not also need a ATOM-D vault?
Or is that missing here because it is not expected to reach these values as shown in the table in the blog?

5

Hello,

It’s really interesting to follow the launch of a protocol.

A few questions if I may.

Is it planned to launch an Atom / cmst pool?

I think users may want to use their cmst minters to take a long position on atom in a single swap (for now you have to use both cmdx/cmst and cmdx/atom pools).

  1. Maybe you should allow minting less than 100 cmst to start, to allow the small wallet to use (test and understand) the protocol (which is complex), what do you think ?

  2. Do you have forecasts / objectives for cswap pools in terms of liquidity? The Atom / CDMX pool is starting to fill up, but do you have a goal?
    Thanks in advance
    0r7ando

1 Like
6

Great to see the potentials of Harbor been unlocked little by little

1 Like