ARC: Listing proposal of mStable assets: mUSD and imUSD

Governance New Asset
23

Hi @ctrlaltf

Could you please follow the ARC Asset Onboarding template to facilitate the next steps?

It’s available on Template ARC Asset Onboarding - Governance

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24

Hi Alex - We are in the works for the AIP as on github as well at the moment. We also have the Aave proposition power.

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25

Following Aave’s Risk Methodology and looking at some data pulled today from Coingecko, the risk ratings for the two suggested tokens would be:

  1. mUSD:
  • smart contract risk: C considering a maturity of 307 days and 232.296 transfers;
  • counterparty risk: C considering that even though the nature of the protocol is decentralized it has a low number of 5.206 holders;
  • market risk: C considering a low average volume of 403.263 USD (last 30 days), a market cap of 39.155.405 USD and a normalized volatility of aprox. 0.009;

Until the asset reaches a higher market cap and a market liquidity at least above 1M USD, the asset shouldn’t be used as Collateral.

  1. imUSD:
  • smart contract risk: D- considering a maturity of 72 days and 2.763 transfers;
  • counterparty risk: D considering that even though the nature of the protocol is decentralized it has a very low number of 121 holders;
  • market risk: D- considering that the token is fairly new token and currently there is no data available on Coingecko;
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