Summary

This vote is to determine if the Notional protocol should add wstETH as a collateral asset using the following governance parameters: Exchange rate haircut: 0.72 Liquidation discount: 8% Maximum collateral balance (in USD): 50,000,000 (22,500 wstETH)

Adding wstETH as collateral would allow Notional users to preserve their exposure to ETH’s staking rewards while borrowing at a fixed rate. Moreover, it would diversify Notional’s collateral base and potentially onboard new users.

Proposed parameters:

Parameter	Proposed parameter
Token address	0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0
Exchange rate haircut	0.72 (72%)
Liquidation discount	108 (8%)
Maximum collateral balance (in wstETH)	22 500

Links

The related NRC community discussion can be found here: https://commonwealth.im/notional/discussion/4972-add-wsteth-as-a-collateral-asset Governance parameter documentation: https://docs.notional.finance/governance