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)

Activation of USDT as a Vault collateral on Interlay 

Beneficiary: OpenSquare(wd9NFc6FqUboL2iGoV93bQ9zpnKi7PiB3MHRD6XwjPBoNDZVf)
Date: 01/28/2023
Requested Allocation: $6,800(309,090 INTR by the EMA30 price of 01.28.2023 on subscan)
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SubSquare is a governance platform for substrate based blockchains, and we have been continually maintaining the deployments for interlay and kintsugi. We propose a treasury spend to support the work.

## Work scope

- Daily devops/monitor work to keep the deployment well running.
- Track and update common dependencies like polkadot api.
- Part of delivered enhanment features
  - Dark mode.
  - Event notifications by email.
  - UI improvements like menu foldable, new version editor, etc.
  - Escrow stake value for user login with polkadot key.
  - User profile which show proposed proposals.
  - Support treasury proposal post bind with related democracy public proposal.
- Part of development plans
    - Calendar feature with which we can see history/future events with a calendar view.
    - `cmd+k` feature for better navigation.
    - Off-chain discussion data decentralization.
    - Governance data statistics.
    - Other notification ways support like discord/telegram.


## Cost

We request $800 per month for kintsugi and $600 per month for interlay. We requested 2 networks maintenance in one proposal to avoid community unnecessary votes, and next time we may propose it on kintsugi.

| Item        | detail            | Cost   |
|-------------|-------------------|--------|
| Interlay maintenance | 2022.09 - 2023.02 | $3,600 |
| Kintsugi maintenance | 2022.11 - 2023.02 | $3,200 |
| Total      | $0.022/INTR by EMA30 price on subscan | 309,090 INTR |