As we continue to expand beyond Ethereum and being a multi-chain and multi-layer DeFi platform, it is important that we adopt a flexible policy catering to our strategies while safeguarding the highest security and risk standards.
Exchange blockchain and layer 2 chains are somewhat centralized at earlier stage, and usually, they support a broader variety of tokens (DOT, XRP etc) other than ERC20 tokens. We feel the need to adopt a risk policy that is able to accommodate this multi-chain and multi-layer dynamics, so we recommend the following risk policy be adopted across non-Ethereum blockchain deployment and asset onboarding:
For collaterals accepted on our Ethereum Lending protocol, it will be automatically accepted to be on our lending platforms (i.e BSC, Optimism, Heco etc); these collateral listing on our protocols on other chains don’t require separate governance voting.
For top 50 market capitalization tokens (according to coinmarketcap.com), they will be eligible for listing subject to on-chain voting. The community and core team has responsibility to provide assessments accordingly.
Risk parameter settings are based on market standard and are all subject to governance approval.