Many discussions have been done about adding Lido stETH as collateral for minting TCAP. After the last community call, we had a session with Preston to talk about the benefits of adding stETH as collateral as some community members requested it, we agreed that it’s a good time to push for it and wanted to have some discussions first. Just have in mind this:
- Allows the depositors of collateral to keep earning interests while getting minting TCAP.
- Price wise, 1 ETH != 1 stETH. Meaning that we might need to define a good threshold for liquidation ratio to avoid excessive liquidations in case market situations move the price of stETH.
- Deploy a stETH Vault -
- Have a chainlink oracle - STETH / USD | Chainlink
- Community Discussion -
- Define Collateral Ratio -
- Offchain vote -
- Onchain vote -