Adding $ARB as a new collateral

This proposal aims to add Arbitrum ($ARB) as a new collateral type on Vesta. ARB is the native token of the Arbitrum network, a Layer 2 scaling solution for Ethereum developed by Offchain Labs. ARB is essential for the network’s security and governance, and its addition as collateral on Vesta would help improve the diversity of supported assets, thereby further strengthening the protocol.

We aim to start the pool with the below statistics:

• MCR: 150%
• Mint cap: 0.5m
• Liquidation bonus: 15%
• VRR β_collateral: 3%
• Oracle: Chainlink

These parameters are very safe to start with. We are engaging third party risk consulting firms at the moment. As soon as they finalize the results, we’ll be able to update the parameters accordingly.

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.