Enable stOsmo as collateral for the minting of CMST

Harbor Discussion
1

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

  • CR ratio: 170%
  • Stability fee: 1%
  • Debt ceiling:30k
  • Debt Floor value: $50
  • Drawdown fee: 0.5%
  • Closing fee: 0.0%
  • Liquidation penalty:15%

Parameters for stOsmo-B vault:

  • CR ratio: 200%
  • Stability fee: 0.5%
  • Debt ceiling: 50k
  • Debt Floor value: $50
  • Drawdown fee: 0.5%
  • Closing fee: 0.0%
  • Liquidation penalty:15%

Parameters for stOsmo-C vault:

  • CR ratio: 220%
  • Stability fee: 0.25%
  • Debt ceiling: 75k
  • 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.

2 Likes
2

This is getting more interested, minting CMST now have different asset to leverage on… Does not need to based the minting of CMST on one particular asset, this is actually a sustainable plan in place.

1 Like
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Nice!
Slowly this is becoming a stable backed by a lot of various currencies, making it more sustainable when one of the currencies fails.