Increase collateral factor of OGN to 45% (level C3)
Increase Collateral Factor of OGN to 45%
Do nothing, which means stay at 0%
It is important to raise the collateral factor for assets currently set at 0%. Doing so increases the usefulness of the Cream platform which attracts new users and capital.
After analyzing the collateral factors of comparable assets on Cream, it looks like 45% is a reasonable starting point for a highly liquid ($64M traded in the last 24 hours) governance token that is already listed on top exchanges like Binance.
A few comparables for reference:
|Token||24H Trading Volume||Collateral Factor|