Discussion on the Vesta proposal for the Arbitrum stablecoin protocol to use ARB as collateral

ChainCatcher news, the core team of the stablecoin protocol Vesta on Arbitrum has proposed to add ARB as collateral, with a liquidation ratio of 150%, an initial debt ceiling set at 500,000 tokens, and a liquidation penalty rate of 15%.

It is reported that the corresponding proposal is now online and will undergo a three-day discussion and polling, ending on March 24, 2023, at 12:00. After that, official governance voting will begin on Snapshot. (source link)