This proposal considers whether Revenant Labs should partner with the Byte Masons to develop a risk assessment framework regarding utilizing non-traditional assets as collateral on Creditum. Right now, Creditum has the following assets listed as collateral options: WFTM, USDC, DAI, ETH, BTC, yvDAI, yvUSDC, yvWFTM, rvUSDC V3, and rvDAI V3.
The Byte Masons expressed interest in exploring additional collateral options outside of those listed above. In order to assess various collateral options, the Byte Masons will leverage their experience in DeFi security and risk assessment to develop a framework to evaluate the risks involved with utilizing unique collateral options. The risk framework will also assist in cultivating additional opportunities for the Creditum protocol to create a healthy, sustainable platform for its users - minimizing long-tail and counterparty risks.
If the proposal passes, and after a risk framework is developed, the Byte Masons intend to assess additions of their single sided vault tokens to the Creditum platform, and will continuously work on expanding the list of potential collateral options through ongoing research of risks, security concerns, and other nuanced challenges nontraditional assets present.