Hello, I’m trying to see about adding a new ERC-20 token for collateral. I was advised to make an introductory message here to get some help.
Tell us a little bit about what you want to do, what the token is, and we will help you in everything you need. We are a community for a reason.
I have an ERC-20 token called VXV which I have made a lot of profit on but I believe it has a long way to go so I don’t want to sell it but rather use it as collateral for a loan.
If you would like a new collateral to be considered you would need to follow this Maker Improvement Protocol (MIP).
Here is an example of a recent crypto collateral application.
It must meet certain factors, history, recovery, liquidity, security of the team behind it.
You should take all these into account before applying, they shared with you how you should follow the steps.