RFP-13: add wstETH (wrapped staked ETH) from Lido finance as a full collateral and borrow market
AI summary
This proposal, RFP-13, seeks to add wrapped staked ETH (wstETH) from Lido Finance as a new asset that users can both lend and borrow on Radiant Capital's Arbitrum platform. wstETH is a token representing staked Ethereum, and its inclusion aims to attract more users and liquidity to Radiant Capital. The proposal specifies initial lending and borrowing parameters, such as a maximum loan-to-value (LTV) of 70% and a liquidation threshold of 80%, which will increase slightly after two weeks.
If passed, Radiant Capital will expand its offerings, potentially increasing its user base and total value locked by integrating a widely used liquid staking derivative. Users will gain more options for collateral and borrowing, while Radiant Capital benefits from increased activity. There are no direct financial costs to the DAO treasury mentioned.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
RFP-13 looks to add wstETH (wrapped staked ETH) from Lido finance as a full collateral and borrow market to the Arbitrum deployment of Radiant Capital.
Motivation
Radiant Capital aims to provide a decentralized platform for lending and borrowing cryptocurrencies, offering users an efficient and secure means to access financing and generate yields. As the cryptocurrency market evolves, it is essential to expand the platform's offerings by incorporating new, high-quality assets as collateral and borrowing options.
The objective of this governance proposal is to seek appro…