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.