DIP013 - Proposal for New Collateral Onboarding

Summary:

dForce lending protocol has been operating smoothly on Ethereum and BSC since March 2021, with multiple requests received from the dForce community concerning new collateral onboarding, which are consolidated and formulated into this governance proposal for DF token holders to jointly decide. Support or objection to this proposal shall apply to dForce lending protocols on Ethereum, BSC, as well as the soon-to-be-launched Arbitrum (upon mainnet launch).

Background:

With 6 months of smooth operation and total supplied assets of more than $120m, dForce is now the third largest lending protocol on BSC. Our community expressed a strong interest in extending collateral support to more assets on dForce Lending, which have been compiled for risk assessments in accordance with dForce Risk Framework by the dForce team, including a number of large cap DeFi protocols and infrastructure protocols, as well as a couple more stablecoins, and three pairs of dForce’s LP tokens (for liquidity parked on Pancake).

Additionally, there are more assets sitting in our pipeline for risk analysis and evaluation, including Nest and Bella.

Proposal:

Click here to view new collateral assets requested by dForce community with proposed parameters and asset analysis, which will be implemented subject to governance approval.