New Token Listing Starts with 0% Collateral Factor

Summary

There will be more and more token listing in C.R.E.A.M. Finance, but before the team lists tokens without any guidelines, introducing a conservative way of listing could make the whole protocol safer and stronger (and save time for debating within the community).

A great solution would be all new token listing start with 0% collateral factor, and gradually increase the factor when the community agrees by voting.

For: New token listing will stars with 0% collateral factor, and
Against: Nothing changed

Specification

There are 6 level of collateral factor, and new token listing starts with 0% collateral factor. Collateral factor can be raised to any level by a valid proposal from the community.

  1. C1: 0%
  2. C2: 10%
  3. C3: 25%
  4. C4: 45%
  5. C5: 60%
  6. C6: 75%

All collateral factor of existing tokens will remain the same and can be modified by another proposal.

2 Likes

The proposal comes out urgently, for currently we have tokens to list and we want to list them conservatively.

Considering this proposal is a conservative move rather than a progressive one, we decide to get the voting result in 24 hours to make the protocol safer.

Feedbacks are always welcome.

To vote

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This really needs to be clearly listed on each asset on the supply page. I just paid a ton of gas to put out a bunch of collateral, spent 10 minutes trying to figure out why I couldn’t borrow. I’m trying to enter a position that has a cap, and most likely won’t get in now.

Currently we put all token info here: https://app.cream.finance/markets/eth/ETH