Proposal: Add RsERG as a collateral asset in Lenfi

GlasgowFanclub · July 17, 2024, 8:27pm

Proposal Description

Add RsERG as a collateral asset in Lenfi.

Short Summary

With the Rosen Eth Bridge testnet, then mainnet almost around the corner, would like to continue to test the waters with the rosen assets within different Dapps across ecosystems.

Approve
Disapprove
Abstain

0 voters

Motivation

a) Community Member here posting this proposal.

b) Being that this is a bridged asset there are separate risks associated with bridged assets vs native assets. Rosen Bridge, an open-source protocol for cross-chain asset transfers with incentivized auditing, possibly could benefit Lenfi with an increase in use of the protocol. The use of RsERG as collateral could lead to more borrowing as it ushers a wave of rsERG holders the opportunity to put their asset to use on the Lenfi platform benefiting everyone.

c) Information about the token RsERG or ERG itself:

Fixed Supply: Ergo has a fixed supply of 97,739,924 coins, combating inflation.
Extended Emission Schedule: Through EIP-27, Ergo’s mining rewards are extended for approximately 17.38 years, enhancing sustainability and making $ERG more scarce and valuable over time.
** Current Circulating Supply: 76,415,892.00
** ERGO is #1 POW chain for TVL as a % of Market Cap with 7.24% on DefiLama: x.com

Relevant Links

https://ergoplatform.org/en/blog/2021-04-26-the-ergo-manifesto/

https://ergoplatform.org/en/community/

rosen.tech