📢 LIP #012 is Now Live!

LIP #012 - Listing PumpBTC as a Collateral in the Innovation Zone

This proposal aims to add PumpBTC, a liquid staking token for BTC, as collateral in Lista DAO’s Innovation Zone.

Vote now: https://t.co/kueUgNe2iX

Voting Period: 13/12/2024, 5 PM - 16/12/2024, 5 PM (UTC +0)

About PumpBTC

PumpBTC is a liquid staking solution on Babylon, allowing BTC holders to stake their assets and receive PumpBTC at a 1:1 ratio with WBTC/BTCB. This ensures users retain liquidity for their BTC while earning staking rewards.

Proposed Parameters

Minimum Collateralization Ratio (MCR): 200%

Borrow Limit: 100,000 lisUSD

Mint Fee: 0%

Borrowing Rate: Dynamic rate

Withdrawal Options: PumpBTC

Withdrawal Fee: 0%

Minimum Borrow Amount: 15 lisUSD

Minimum Collateral Deposit: 0.001 PumpBTC

Benefits

🔹 Unlock BTC liquidity for lisUSD borrowing.

🔹 Attract Bitcoin users and boost TVL.

🔹 Bridge Bitcoin into DeFi with ease.

Risks: Adoption and liquidity challenges during market volatility.

Yes: To approve PumpBTC as collateral.

No: To keep current collateral options.