VIP-345 [Ethereum] New ezETH market in the Liquid Staked ETH

Question

VIP-345 [Ethereum] New ezETH market in the Liquid Staked ETH

pool

Summary

If passed, following the Community proposal “Support ezETH as collateral on ETH Mainnet and BNB Chain” and the associated snapshot, this VIP adds a market for the ezETH token (Renzo Protocol) into the Liquid Staked ETH pool on Ethereum.

Description

Risk parameters

Following Chaos Labs recommendations, the risk parameters for the new market are:

Underlying token: ezETH

* Borrow cap: 1,400
* Supply cap: 14,000
* Collateral factor: 80%
* Liquidation threshold: 85%
* Reserve factor: 20%

Bootstrap liquidity: 1.41 ezETH - provided by the Renzo Protocol.

Interest rate curve for the new market:

* kink: 45%
* base (yearly): 0%
* multiplier (yearly): 9%
* jump multiplier (yearly): 75%

Oracles configuration

The ResilientOracle deployed to Ethereum is used for ezETH, with the following configuration. The OneJumpOracle is used to get the USD price of ezETH, first getting the conversion rate ezETH/WETH using the feeds from RedStone or Chainlink, and then getting the USD price using the Chainlink price feed for ETH/USD.

Additional details and specifications in VIP description.

Vote 🗳 https://app.venus.io/#/governance/proposal/345?chainId=56

#blockchain #cryptocurrency #english #venus

0

26.07.2024

1 ответов

37 просмотров

J.C. jc · Accepted Answer

J.C. jc

Nice ! Would provide some incentive at the launch ?

0

1 месяц назад

210 похожих чатов

VIP-345 [Ethereum] New ezETH market in the Liquid Staked ETH

1 ответов

Похожие вопросы