Summary
This proposal requests a governance vote from vlLTP holders to determine Listapie’s position on enabling lisUSD borrowing against PancakeSwap LP tokens (including v2, v3, Infinity, and StableSwap) as collateral within ListaDAO’s Innovation Zone. Collateral valuation, risk management mechanisms, and liquidation processes, including circuit breakers and revenue sharing, will follow the framework detailed in the original ListaDAO proposal.
Motivation
This integration introduces support for select PancakeSwap LP tokens as collateral, enabling users to deposit their LP positions into the CDP and receive lpUSD tokens that represent their collateral’s current value, as determined by the LP Oracle.
Integrating PancakeSwap LP tokens as collateral in ListaDAO will unlock new borrowing power for users, diversify collateral options, and create incremental revenue for both protocols.
Key benefits include enhanced capital efficiency through improved liquidity utilization, broader collateral options for greater user flexibility, and strengthened ecosystem growth via deeper integration and shared value between PancakeSwap and partner protocols.
The proposal defines several implementation details. Collateral valuation will rely on a dedicated LP Oracle and LP Manager system, complete with circuit breakers to mitigate volatility risk. Liquidation mechanics will allow LP redemption prior to Dutch auction to maximize smooth process. Additionally, 50% of borrow interest and liquidation fees will be shared with PancakeSwap, aligning incentives and fostering long-term ecosystem collaboration.
Voters are encouraged to review the full Lista Dao’s proposal for comprehensive details.
Specification
Vote on whether Listapie should support ListaDAO’s proposal to enable PancakeSwap LP tokens (including v2, v3, Infinity, and StableSwap) as collateral assets in the Innovation Zone under the parameters outlined in the original proposal.
Voting Options:
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Yes: Support the integration of PancakeSwap LP tokens as collateral in the ListaDAO Innovation Zone, as specified for the LIP020.
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No: Do not support PancakeSwap LP tokens as collateral in the ListaDAO Innovation Zone.