LIP-07: $PENDLE token integration to Lodestar Finance

This is a proposal for the integration of the PENDLE 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 by the Arbitrum communities.

Background:

The PENDLE token has always had significant attention in the DeFi space these last months due to their innovative approach to yield tokenisation. A large amount of protocols are built on top of the Pendle ecosystem while a derivative market to the PENDLE token exist.

Findings:

Our analysis has determined that adding a PENDLE market to Lodestar Finance would be both secure and beneficial for our community. As of now, PENDLE has amassed over $10 million in on-chain liquidity, while being also listed on centralised exchanges such as Binance.

Additionally, Chainlink has a PENDLE price feed, sourcing from CEX and DEX, ensuring a secure and reliable source of pricing data:

https://data.chain.link/feeds/arbitrum/mainnet/pendle-usd

We propose the below market parameters at launch:

• Risk model: 5

• Collateral Factor: 0.5

• Reserve Factor:0.5

Vote:

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