Summary
HBTC and SUSD are sufficiently mature to have a collateral factor.
For
Set collateral factors of HBTC, SUSD as in specification below.
Against
Do nothing.
Motivation
The usual: This is good for CREAM users.
These are both “seasoned” tokens at this point. HBTC is a moderately used BTC which enjoys Curve pools and support from a large exchange. SUSD is the core USD synth of Synthetix.
Background
I am a
- CREAM user
- Synthetix user
- HBTC creates a useful yield/leverage trade via CREAM
Specification
Set HBTC to level C3: 25%
Rationale: Be conservative, and chart a path towards 45% in the future.
Set SUSD to level C4: 45%
Rationale: Be conservative, and chart a path towards 60% (C5) or even 75% (C6) in the future.