Support USDF from Aster on Venus Core Pool of BNB Chain

Chaos Labs Update

Following updates from the Aster team on the strategies underlying USDF, particularly as it does not take directional positions, we are able to recommend listing the asset.

We recommend setting its supply and borrow caps using our usual methodology, at 2x the amount of liquidity available before reaching the Liquidation Penalty of 10%. This leads to a supply cap recommendation of 30M USDF; we recommend setting the borrow cap slightly higher than UOptimal relative to the supply cap.

We recommend aligning the asset’s IR curve with that of other stablecoins, ensuring that it is appealing as a borrowable asset. Taking into account the asset’s higher risk than other listed stablecoins, we recommend setting its Reserve Factor to 25%, building an appropriate amount of reserves for this new market while still maintaining a strong supply incentive for users.

The asset does not appear to have a trusted oracle at this time; we recommend requesting an oracle that tracks the market price of the asset from Redstone. This can also be provided using Edge.

Parameter	Value
Asset	USDF
Chain	BNB Chain
Pool	Core
Collateral Factor	60.00%
Liquidation Penalty	10.00%
Supply Cap	30,000,000
Borrow Cap	27,000,000
Kink	80%
Base	0.0
Multiplier	0.10
Jump Multiplier	2.5
Reserve Factor	25%