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Cream FinanceCream Financeby0xb6e362900B7113F246A7e1c17E9746b3B9C079dBeasoncream.eth

List Major Collateral Assets from Iron Bank

Voting ended almost 5 years agoSucceeded

Summary

List major collateral assets which are already listed in Iron Bank. They are WBTC, SNX and sUSD.

For

List WBTC, SNX and sUSD as collateral assets

Against

Do nothing

Motivation

These three assets listed in Iron Bank are high value assets that could bring benefit to our protocol.

Even though we have listed many BTC-pegged tokens, we missed WBTC, and we consider this is the best time to list it. By listing these high value major tokens, it would be bring much more benefit to the protocol with low risk, allowing users to leverage these tokens.

Besides, they are all major tokens on Ethereum without doubt. I believe it's only making the protocol more useful.

Specification

WBTC: 75% collateral factor SNX: 25% collateral factor sUSD: 0% collateral factor

=================== Discussion link: https://forum.cream.finance/t/list-major-collateral-assets-from-iron-bank/724

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Timeline

Feb 02, 2021Proposal created
Feb 02, 2021Proposal vote started
Feb 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated