Currently, users have the option to deposit ETH and DAI as vault collateral to mint (borrow) TCAP.
To give users more choices, increase TVL, and help shrink the premium on TCAP market price we are polling the community to see which assets we should add as vault collateral.
Requirements of assets to implement as vault collateral:
wBTC is not in scope as such here - “not 18 decimals and some of the formulas need to be reworked” (Preston) but it was already voted on back in May. It was pulled just before launch and requires “formulas to be reworked” (Preston).
I wonder if there could be demand for BTC from institutional type investors. Anecdotally we see companies and banks holding or trading mostly BTC.
Gotta be AMP. Ive been following Tyler and his team for months now! I’ve sat in on all the presentations, compared the processes to other coins trying to do the same thing, and nothing else impressed me more than the flexa networks AMP token. Make it happen.