Adding $wstETH as a new collateral

This proposal aims to add Lido’s wrapped stETH (wstETH) as a new collateral type on Vesta. wstETH is created by depositing stETH into the stETH wrapper in Lido. Wrapping stETH creates a DeFi-compatible version of the stETH token, allowing for easier integrations with DeFi protocols. This would provide ETH stakers with an opportunity to not only leverage their staked ETH position but also earn original daily rewards generated by stETH. Furthermore, Vesta would benefit from the increased diversity of supported assets and attracting wstETH holders for TVL growth.

We aim to start the pool with the below statistics:

MCR: 150% Mint cap: 0.6m Liquidation bonus: 15% VRR β_collateral: 1.75% Oracle: Chainlink

The parameters are selected by Warden viewable at the discussion link.

Timeline The official voting will take place over three days. Once the proposal passes and liquidity/oracle is in place, we plan to enable ARB as a collateral immediately.

Learn more about the proposal in the discussion link attached.