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":
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.