Add/Update Collateral Asset

Anyone can submit a proposal to add a new type of collateral assets, update existing risk parameters. The process is the same as submitting any proposal to Acala/Karura network
​Submit a proposal on Acala Network​
​Submit a proposal on Karura Network​
We will outline specifics of the pre-image proposal regarding to adding a new type of collateral asset as follows
The example below adds DOT as a new collateral asset with the following parameters
stability fee
liquidation ratio
liquidation penalty
required collateral ratio
debt ceiling
DOT collateral auction size
Note: Updating risk parameters for an existing collateral asset uses the same extrinsics, and you only need to input the particular parameter proposed to be changed, while leaving the rest unchanged. 
Below is the encoded call data for the above example, you can paste it into Polkadot Web App - choose chain - Developer - Extrinsics - Decode
0x030208680300020101001ede3700000000000000000000000001010000a0d8855734160000000000000000010100004f8c34e81402000000000000000001010000c84e676dc11b0000000000000000010000407ba5f06381960a000000000000670200020b00a031a95fe3
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Last modified 1yr ago