Enable Comdex (CMDX) as collateral for the minting of CMST

The purpose of this thread is to enable CMDX 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 the creation of three vaults are outlined in the following proposal.

Parameters for CMDX-A vault:

  • CR ratio: 180%
  • Stability fee: 1%
  • Debt ceiling: 25k
  • Debt Floor value: $50
  • Drawdown fee: 0.5%
  • Closing fee: 0.0%
  • Liquidation penalty:15%

Parameters for CMDX-B vault:

  • CR ratio: 210%
  • Stability fee: 0.5%
  • Debt ceiling: 30k
  • Debt Floor value: $50
  • Drawdown fee: 0.5%
  • Closing fee: 0.0%
  • Liquidation penalty:15%

Parameters for CMDX-C vault:

  • CR ratio: 230%
  • Stability fee: 0.25%
  • Debt ceiling: 45k
  • Debt Floor value: $50
  • Drawdown fee: 0.5%
  • Closing fee: 0.0%
  • Liquidation penalty: 15%

The above numbers are decided as per the risk parameter blog.

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