Summary
The objective of this proposal is to list dTIA as collateral on the Neutron outpost of the Red Bank.
Motivation
The listing of dTIA was already proposed earlier on the forum (see MRC-105), but the infrastructure for launch is only now ready. This duplicate proposal is necessary since the DAO now owns the parameters/oracle contract.
Risks
The risks associated with listing dTokens are explored in the governance proposal MRC-105.
Risk Parameters Suggestion
Following the methodology suggested by the Mars Risk Framework, we propose the following parameters:
Parameter | dTIA |
---|---|
Max. LTV | 44% |
Liquidation LTV | 45% |
Deposit Cap | 25,000 dTIA |
Liquidation Parameters | |
Starting LB | 0 |
Slope | 1 |
Max. LB | 0.2 |
Min. LB | 0.05 |
Protocol Liquidation Fee | 0.25 |
Close Factor | 50% |
Reserve Factor | 10% |
Usable as collateral? | Yes |
Available to borrow? | No |
Implementation
The following message(s) will be executed:
- neutron1x4rgd7ry23v2n49y7xdzje0743c5tgrnqrqsvwyya2h6m48tz4jqqex06x
{
"update_asset_params": {
"add_or_update": {
"params": {
"credit_manager": {
"hls": null,
"whitelisted": true,
"withdraw_enabled": true
},
"denom": "factory/neutron1ut4c6pv4u6vyu97yw48y8g7mle0cat54848v6m97k977022lzxtsaqsgmq/udtia",
"deposit_cap": "25000000000",
"liquidation_bonus": {
"max_lb": "0.2",
"min_lb": "0.05",
"slope": "1",
"starting_lb": "0"
},
"liquidation_threshold": "0.45",
"max_loan_to_value": "0.44",
"close_factor": "0.5",
"protocol_liquidation_fee": "0.25",
"red_bank": {
"borrow_enabled": false,
"deposit_enabled": true,
"withdraw_enabled": true
}
}
}
}
}
- neutron1dwp6m7pdrz6rnhdyrx5ha0acsduydqcpzkylvfgspsz60pj2agxqaqrr7g
{
"set_price_source": {
"denom": "factory/neutron1ut4c6pv4u6vyu97yw48y8g7mle0cat54848v6m97k977022lzxtsaqsgmq/udtia",
"price_source": {
"lsd": {
"redemption_rate": {
"contract_addr": "neutron163367yuqe3ns0mv8kttuja4twxwl57vma99drpyg49pxvu6vdqhs9vutd6",
"max_staleness": 7200
},
"transitive_denom": "ibc/773B4D0A3CD667B2275D5A4A7A2F0909C0BA0F4059C0B9181E680DDF4965DCC7",
"twap": {
"pair_address": "neutron1f6wucml5pmys4uh7mwurz2ge2v7gamkqdy03rfuatpdphmjjag3qeutzgx",
"tolerance": 120,
"window_size": 1800
}
}
}
}
}
Copyright
Copyright and related rights waived via CC0.
Disclaimers/Disclosures
This proposal is being made by Mars Protocol Foundation, a Cayman Islands foundation company. Mars Protocol Foundation engages in research and development of the Mars Protocol. Mars Protocol Foundation and certain of its service providers and managers own MARS tokens and have financial interests related to this proposal. The aforementioned persons or their affiliates may also have financial interests in complementary or competing projects or ecosystems, entities or tokens, including NTRN, dTIA, and TIA. These statements are intended to disclose relevant facts and to help identify potential conflicts of interest, and should not be misconstrued as a complete description of all relevant interests or conflicts of interests; nor should they be construed as a recommendation to purchase or acquire any token or security.
This proposal is also subject to and qualified by the Mars Disclaimers/Disclosures. Mars Protocol Foundation may lack access to all relevant facts or may have failed to give appropriate weighting to available facts. Mars Protocol Foundation is not making any representation, warranty or guarantee regarding the accuracy or completeness of the statements herein, and Mars Protocol Foundation shall have no liability in the event of losses or damages ensuing from approval or rejection or other handling of the proposal. Each user and voter should undertake their own research and make their own independent interpretation and analysis of all relevant facts and issues to arrive at their own personal determinations of how to vote on the proposal.