The purpose of this thread is to enable Wrapped BTC (WBTC) 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 WBTC-A vault:
- CR ratio: 140%
- Stability fee: 4.5%
- Debt ceiling: 20k
- Debt Floor value: 100$
- Drawdown fee: 0.5%
- Closing fee: 0.5%
- Liquidation penalty:15%
Parameters for WBTC-B vault:
- CR ratio: 170%
- Stability fee: 3.5%
- Debt ceiling: 30k
- Debt Floor value: 100$
- Drawdown fee: 0.5%
- Closing fee: 0.5%
- Liquidation penalty:15%
Parameters for WBTC-C vault:
- CR ratio: 200%
- Stability fee: 2.5%
- Debt ceiling: 50k
- Debt Floor value:100$
- Drawdown fee: 0.5%
- Closing fee: 0.5%
- Liquidation penalty: 15%
The above numbers are decided as per the risk parameter blog.