LIP-005: Inclusion of USDT as a Collateral Option for Borrowing lisUSD (COLLATERAL-EXPANSION)
LIP #005 proposes listing $USDT as a collateral asset on ListaDAO for minting lisUSD.
This aims to expand the range of assets available, enhancing platform flexibility and potentially increasing the user base of Lista Protocol. 📈✨
Vote now: https://t.co/mMsyYf64Tc
This proposal includes updating our platform to support USDT and setting risk parameters as follows:
🔹Load Limit: 5M lisUSD
🔹Minimum Collateral Ratio (MCR): 110%
🔹Borrow Interest Rate: 4%
🔹Minimum Deposit Amount: 100 USDT
By integrating USDT as collateral:
🔹 Users gain access to leverage using the most widely used stablecoin by market cap.
🔹 It increases capital efficiency by enabling more options for users to mint lisUSD.
🔹 It enhances liquidity and platform activity, strengthening Lista DAO's market presence.
Voting Options:
Yes: Approve listing $USDT as collateral.
No: Maintain the current list of collaterals.
Thank you for your participation and support in shaping the future of Lista DAO! 🚀🌐