Proposal to Add ARB Token as Collateral and Borrow Market

This is a proposal for the integration of the ARB token as a collateral and borrow market on our platform. This move will not only diversify the range of assets available on Lodestar Finance, but also encourage further adoption of our money market.

The ARB token has recently gained significant attention in the DeFi space following the announcement of its airdrop. Since then, numerous community members have expressed a desire for Lodestar Finance to enable an ARB market, which would allow users to deposit and borrow ARB on our protocol. In response to these requests, our development team has conducted a thorough due diligence and risk assessment of the ARB token.

Arb Contract: 0x912ce59144191c1204e64559fe8253a0e49e6548

Our analysis has determined that adding an ARB market to Lodestar Finance would be both secure and beneficial for our community.

As of now, ARB has amassed over $75 million in on-chain liquidity, demonstrating a healthy and growing market. Additionally, Chainlink has established a price feed for ARB, ensuring a secure and reliable source of pricing data: https://data.chain.link/arbitrum/mainnet/crypto-usd/arb-usd

Vote:

Vote Yes if you wish to enable ARB as a supported asset on Lodestar Finance Vote No if you are against it