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

Based on the discussion post on Interlay (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
• • Statemint XCM Channel: https://interlay.subsquare.io/democracy/referendum/32
• Governance guides: 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