LIP-008: Proposal to List SolvBTC.BBN as Collateral in the Innovation Zone

LIP #008 proposes listing Solv’s SolvBTC.BBN as a collateral asset in Lista DAO’s Innovation Zone, allowing users to deposit SolvBTC.BBN to mint lisUSD.

Vote now: https://t.co/yPlAOWu25n

Voting Period: Oct 31, 2024, 12:00 PM to Nov 3, 2024, 12:00 PM.

Proposal Summary: This proposal aims to list SolvBTC.BBN as collateral in the Innovation Zone to allow users to leverage their staked assets while continuing to earn Bitcoin staking rewards.

Proposal Details:

- Borrow Limit: $1 million lisUSD

- Minimum Collateral Ratio (MCR): 200%

- Borrow Interest Rate: 8.5%

Pros / Benefits:

- Increased Liquidity

- Greater Capital Efficiency

- Risk Mitigation

- Potential for User Growth

Cons / Downsides:

- Smart Contract Risks: Though mitigated by thorough audits.

- Market Risks: SolvBTC.BBN has shown stability but could face price impact from market conditions.

Voting Options:

Yes: Approve the proposal to list SolvBTC.BBN as a collateral option in the Innovation Zone on ListaDAO.

No: Reject the proposal, keeping SolvBTC.BBN off the collateral list in the Innovation Zone on ListaDAO.