# MIR-1.1┃Choose LUSD collateral parameters on Mimo on Ethereum **URL:** \ **Category:** Approved PIRs\ **Created:** [August 23, 2022, 1:24pm UTC](https://gov.parallel.best/t/mir-1-1-choose-lusd-collateral-parameters-on-mimo-on-ethereum/205 "2022-08-23T13:24:41Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![starny](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/starny/32/32_2.png) [@starny](https://gov.parallel.best/u/starny)\ **Post date:** [August 23, 2022, 1:24pm UTC](https://gov.parallel.best/t/mir-1-1-choose-lusd-collateral-parameters-on-mimo-on-ethereum/205/1 "2022-08-23T13:24:41Z")
**Summary:** This proposal aims to set parameters for LUSD collateral on Ethereum. **Rationale:** With the recent vote in favor of integrating LUSD as new collateral on Ethereum, we need to set the different parameters of this collateral. We propose : - Liquidation Ratio: 105% - Minimum Collateral Ratio: 110% - Debt Limit: 1M PAR - Liquidation Bonus: 3% We have considered the LUSD risk’s assessment to chose these parameters ![](https://europe1.discourse-cdn.com/flex005/uploads/mimo1/original/1X/abba6e439451a76d3111bfb60d96c99cc0d25e53.png) (You can find out the risk assessment details of this asset on the previous MIR discussion) These parameters aim to be balanced for the users and the protocol, but they were also chosen in a low-risk way to be able to run experiment parameters on the pool without possible issues for the users and the protocol given the potential smart contract risks that may exist. Note that these parameters are likely to be changed in the future according to the first data that we will collect. **Means:** - Human resources: If the proposal is accepted, this will need to add these new parameters to the LUSD vault’s smart contract - Treasury resources: No treasury cost **Technical implementation:** 1. Add LUSD in the ConfigProvider Contract with all parameters decided by the Mimo governance. 2. Set the chainlink oracle related to the LUSD: [LUSD/USD](https://docs.chain.link/docs/ethereum-addresses/) into PriceFeed Contract **Voting options:** - Accept these new parameters - Against these new parameters - Abstain Authors: [@starny](https://gov.parallel.best/u/starny) & [@JeanBrasse](https://gov.parallel.best/u/jeanbrasse) from Mimo Labs **Community poll:** _Poll ([view on site](https://gov.parallel.best/t/mir-1-1-choose-lusd-collateral-parameters-on-mimo-on-ethereum/205/1))_ ---
**Author:** ![starny](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/starny/32/32_2.png) [@starny](https://gov.parallel.best/u/starny)\ **Post date:** [August 29, 2022, 7:53am UTC](https://gov.parallel.best/t/mir-1-1-choose-lusd-collateral-parameters-on-mimo-on-ethereum/205/2 "2022-08-29T07:53:11Z")
**MIR-1.1┃Choose LUSD collateral parameters on Mimo on Ethereum** is now live on Snapshot ! The vote start this 29th August morning at 10am CET and finish the 1st September CET. 🗳 Vote here: [https://snapshot.org/#/mimo.eth/proposal/0xdc9cd833ffc95f98086292245a6b349f862c3c530f676c608e8b3f6910a92b52](https://snapshot.org/#/mimo.eth/proposal/0xdc9cd833ffc95f98086292245a6b349f862c3c530f676c608e8b3f6910a92b52) ---
**Author:** ![starny](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/starny/32/32_2.png) [@starny](https://gov.parallel.best/u/starny)\ **Post date:** [September 3, 2022, 9:53am UTC](https://gov.parallel.best/t/mir-1-1-choose-lusd-collateral-parameters-on-mimo-on-ethereum/205/3 "2022-09-03T09:53:10Z")
With over 2M votes from vMIMO holders, MIR-1.1 was approved at 100%. We will soon include LUSD as collateral on Ethereum with its parameters. Result: [https://snapshot.org/#/mimo.eth/proposal/0xdc9cd833ffc95f98086292245a6b349f862c3c530f676c608e8b3f6910a92b52](https://snapshot.org/#/mimo.eth/proposal/0xdc9cd833ffc95f98086292245a6b349f862c3c530f676c608e8b3f6910a92b52)