UMIP 12 -Add PERL as a collateral currency

Mhairi · March 2, 2022, 12:43pm

This UMIP will add PERL to the supported collateral currencies into the global whitelist contract, allowing the usage of PERL as collateral currency.

github.com

UMAprotocol/UMIPs/blob/master/UMIPs/umip-12.md

## Headers
| UMIP-12    |                                                                                                                                          |
|------------|------------------------------------------------------------------------------------------------------------------------------------------|
| UMIP Title | Add PERL as a collateral currency              |
| Authors    | TJ (tj@perlin.net) |
| Status     | Approved                                                                                                                                    |
| Created    | August 31, 2020                                                                                                                           |
 
## Summary (2-5 sentences)
This UMIP will add PERL to the supported collateral currencies into the global whitelist contract, allowing the usage of PERL as collateral currency.

## Motivation
PERL is the utility token of Perlin Network. PERL is expected to have a variety of uses, including as collateral for the creation of synthetic commodity tokens on UMA. 

Perlin intends to use the PERL token collateral to launch a variety of synthetic assets collateralized by its token.  These assets will be provided to customers of financial products across markets including commodities.  More information on the Perlin products can be found on the website: https://perlinx.finance/

## Technical Specification
To accomplish this upgrade, two changes need to be made:
- The PERL address, 0xeca82185adCE47f39c684352B0439f030f860318, needs to be added to the collateral currency whitelist introduced in UMIP-8. 
- A final fee of 8600 PERL needs to be added for the PERL in the Store contract.

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UMIP 12 -Add PERL as a collateral currency

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