UMIP 124 -Add BANK as collateral currency

Mhairi · March 3, 2022, 3:01pm

This UMIP proposes adding BANK for use as collateral in UMA contracts.

UMAprotocol/UMIPs/blob/master/UMIPs/umip-124.md

## Headers

**UMIP-124**

-   **UMIP title:** Add BANK as collateral currency 
-   **Author**  chandler@umaproject.org 
-   **Status:** Approved
-   **Created:**  11 August 2021
-   **Discourse Link:** https://discourse.uma.xyz/t/add-bank-as-collateral/1285

## Summary (2-5 sentences)

This UMIP proposes adding **BANK** for use as collateral in UMA contracts.

## Motivation

The addition of this collateral currency offers additional functionality to the UMA protocol and increases the range of contracts that can be built.

## Technical Specification

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UMIP 124 -Add BANK as collateral currency

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