Instadapp

Summary:
This proposal aims to list the weETHs token on the Fluid Liquidity Layer and deploy the weETHs Vault with the appropriate configurations. These steps are essential for expanding the protocol’s offerings and providing users with more options for collateralized borrowing and lending.

Code Changes:

List weETHs on Liquidity Layer:

• Proposed weETHs Rate Curve:

  • Utilization 0%: 0% Rate
  • Utilization 50%: 20% Rate
  • Utilization 80%: 40% Rate
  • Utilization 100%: 100% Rate

• Proposed Token Config for weETHs:

  • Threshold: 0.3%
  • Fee: 10%
  • Max Utilization: 100%

weETHs/wstETH Vault Parameters:

• Collateral Factor (C.F.): 91%
• Liquidation Threshold (L.T.): 93%
• Max Liquidation Limit (L.M.L.): 95%
• Liquidation Penalty (L.P.): 1%
• Withdrawal Gap (W.G.): 5%
  • Supply Configuration:
    • Class: 0 (Guardian enabled)
    • Mode: 1 (with interest)
    • Expand Percent: 25%
    • Expand Duration: 12 hours
    • Base Withdrawal Limit: 3000 weETHs
  • Borrow Configuration:
    • Class: 0 (Guardian enabled)
    • Mode: 1 (with interest)
    • Expand Percent: 20%
    • Expand Duration: 12 hours
    • Base Debt Ceiling: 3000-4000 wstETH
    • Max Limit: 3000-4000 wstETH

Description:
This proposal introduces the Super Symbiotic LRT token (weETHs) to the Fluid Liquidity Layer, allowing it to be used as collateral within the ecosystem. Users will gain additional points from Veda and Symbiotic when utilizing this vault. The deployment of the weETHs Vault will enable users to leverage weETHs for borrowing and lending activities, thus enhancing the protocol’s utility and flexibility.

The proposed configurations for the weETHs token are designed to align with current market conditions and maintain the integrity and security of the protocol.

Conclusion:
The listing of Super Symbiotic LRT Vault (weETHs) on the Liquidity Layer and the deployment of the weETHs/wstETH are crucial steps toward expanding the Fluid protocol’s capabilities. These updates will allow users to engage with the weETHs token more effectively, providing new opportunities for collateralized borrowing and lending.