This is a follow-up to the canceled proposal 37 [https://interlay.subsquare.io/democracy/proposal/37](https://interlay.subsquare.io/democracy/proposal/37). 

Based on the discussion post on Interlay [(https://interlay.subsquare.io/post/14)](https://interlay.subsquare.io/post/14), I propose the activation of USDT as a vault collateral on interlay.

Please find below the parameter configuration proposed for the "USDT vaults":


* Initial collateral ceiling: 200.000,00 USD equivalent
* Secure collateral threshold: 155%
* Premium redeem threshold: 145%
* Liquidation threshold: 135%
* Minimum collateral threshold: 150 USDT


## Resources:



* USDT Asset Registered: [https://interlay.subsquare.io/democracy/referendum/27](https://interlay.subsquare.io/democracy/referendum/27)
*  - Statemint XCM Channel: [https://interlay.subsquare.io/democracy/referendum/32](https://interlay.subsquare.io/democracy/referendum/32)
*  Governance guides: [https://docs.interlay.io/#/guides/governance](https://docs.interlay.io/#/guides/governance) (incl. how to make a proposal)
* Python code used for the analysis of new assets proposed as vault collateral: [https://github.com/interlay/collateralization-analysis](https://github.com/interlay/collateralization-analysis)

Interlay is proposing to activate USDT as a vault collateral on their platform. 
The proposed parameters for the USDT vaults include an initial collateral ceiling of 200,000 USD equivalent, secure collateral threshold of 155%, premium redeem threshold of 145%, liquidation threshold of 135%, and a minimum collateral threshold of 150 USDT. 
Interlay has registered USDT as an asset and provided governance guides on how to make a proposal. 
Python code has been used for the analysis of new assets proposed as vault collateral.

Activation of USDT as a Vault collateral on Interlay

Resources: