This thread is to discuss the addition of WBTC as a collateral type on an accelerated timescale, in light of the State of the peg discussions. Three of the points which should be discussed are:
- Is WBTC, in principle, an asset that should one day be added to MCD, with some reasonable choices of risk parameters?
- Will adding WBTC as collateral in the very near future, with some reasonable choice of risk parameters, lead to DAI issuance against it which would increase the supply of DAI on the marketplace and help materially to ease the premium over $1.00.
- If yes, then which risk parameters should be chosen to avoid exposing the system to excessive risk while still ensuring sufficient DAI issuance?
For (3), the risk parameters that should be discussed are:
- Debt ceiling
- Liquidation rato
- Stability fee
- Auction parameters