Enable Persistence (XPRT) as collateral for the minting of CMST

Harbor Discussion
1

The purpose of this thread is to enable XPRT 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 XPRT-A vault:

  • CR ratio: 180%
  • Stability fee: 1%
  • Debt ceiling:30k
  • Debt Floor value: $50
  • Drawdown fee: 0.5%
  • Closing fee: 0.0%
  • Liquidation penalty:15%

Parameters for XPRT-B vault:

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

Parameters for XPRT-C vault:

  • CR ratio: 230%
  • Stability fee: 0.25%
  • Debt ceiling: 70k
  • 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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2

Go!

Would be nice if there would be a total overview of various coins which can be used as collateral, including max debt ceilings and such.

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3

Yes would share a sheet for the community to view all the assets with CR ratios, debt ceilings all at one place. However for the next couple of weeks the team will be quite occupied with a lot of proposals and the airdrop activity.

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Started on it, will coordinate with the team to finish it to show the status around CMST to the community.

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