[Omni] Listing XAI on Arbitrum

Info

Authors: 0x84B…91FA

Date Created: 2024-10-29

Summary

Following the approval of our proposal, we are launching the XAI 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

• XAI has been a long sustainable assets on Arbitrum with great amount of market cap (>$131M) and holders (>40k).
• Risk assessments categorize assets into low, medium, and high-risk categories, determining borrowing eligibility and collateral usage.
  • High Risk: XAI
• 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.