Discussion: Adding Staked ETH as collateral

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.

Requirements to deploy

  1. Deploy a stETH Vault -
  2. Have a chainlink oracle - STETH / USD | Chainlink
  3. Community Discussion -
    • Define Collateral Ratio -
  4. Offchain vote -
  5. Onchain vote -
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