Interest Protocol

Overview

This proposal is to begin adding Balancer LP tokens as supported collateral by Interest Protocol. Balancer LP tokens are yield-bearing tokens that accrue yield to the owners from fees and rewards. This proposal is for Balancer LP tokens generally, and B-stETH-STABLE specifically as a first Balancer LP collateral.

This proposal will implement measures to add Balancer LP tokens as collateral, and to stake these for Aura Liquidity Provider reward tokens while in the Interest Protocol vaults, giving borrowers the ability to stake these assets where applicable, as well as the ability to claim any rewards for staking.

This proposal will require an upgrade to the existing VotingVaultController, to allow it to track the new vault type as well as registered BPTs.

Parameters

Token Address: 0x32296969Ef14EB0c6d29669C550D4a0449130230
Capped Token address: 0x7d3CD037aE7efA9eBed7432c11c9DFa73519303d
LTV: 60%
Liquidation incentive: 8%
Cap: 60 (~$100,000)
Primary Oracle Address: BPTstablePoolOracle
Price deviation: 2%

Liquidity

Market Cap: $100,000,000
Liquidity: Redeemable at any time for underlying tokens of the pool
24h volume: $410,000
90d volume: $285,250,000
Notable exchanges: Balancer Protocol

Technical risks

Type of contract: LP token
Underlying asset: wETH/wstETH
Time: 653 Days (Created August 17, 2021)
Value:
Privileges: Balancer Governance
Upgradability: None
Supplemental Information: See full forum post, which includes links to technical writeups and source code

Relevant References

Full Forum Post
Technical Writeup