[Omni] Listing FRAX on Arbitrum

Info

Authors:0x84…91FA

Date Created: 2025-2-12

Summary

Following the approval of our proposal, we are launching the FRAX market on Arbitrum for deposit and borrowing purposes.

Motivation

• Expand our audience and liquidity by adding a high circulating token.
• Enhance platform versatility by offering a new collateral option.

Specifications / Proposal Details

• FRAX has been a long sustainable assets on Arbitrum with great amount of holders (>$18K) and market cap (~$631M).
• Risk assessments categorize assets into low, medium, and high-risk categories, determining borrowing eligibility and collateral usage.
  • High Risk: FRAX
• Management parameters like Collateral Factor, Borrow Factor, and liquidation metrics are specified for the asset.

Scope of Work

• Integrate oracle-provided price data to add assets to the Omni platform.
• Update platform documentation to accurately reflect the expanded asset listings.

Timeline

Completion expected within 1-2 weeks post-approval.

Budget and Financials

No funding requested from the DAO for this proposal.

Vote

Single voting with options: “Yes,” “No,” and “Abstain.”