Should the community wish to list stEUR, Gauntlet recommends the following parameters. We give further color below.
Parameters
| Parameter | Recommendation |
|---|---|
| Isolation Mode | YES |
| Borrowable | NO |
| Borrowable in Isolation | NO |
| Collateral Enabled | YES |
| Supply Cap | 2m |
| Borrow Cap | N/A |
| Debt Ceiling | 1.5m |
| LTV | 70% |
| LT | 75% |
| Liquidation Bonus | 8% |
| Liquidation Protocol Fee | 10% |
| Reserve Factor | N/A |
| Base Variable Borrow Rate | N/A |
| Variable Slope 1 | N/A |
| Variable Slope 2 | N/A |
| Uoptimal | N/A |
agEUR / USD price
stEUR represents staked agEUR on Angle and accumulates native agEUR yield at 5.3% APY and is atomically convertible to agEUR via smart contract. agEUR is inherently overcollateralized by a variety of products, including EURC, USDC, etc.
Isolation Mode
We recommend listing stEUR in isolation mode due to low TVL and circulating supply for agEUR.
Supply caps
We employ our conservative methodology for new asset listings. Given agEUR is pegged to EUR, we consider stEUR as a non-stablecoin. We recommend 2m for the supply cap, limited by 25% depth for agEUR.