UMIP 153- Add Fiat DAO (FDT) as a collateral currency

Mhairi · March 18, 2022, 10:10am

This UMIP proposes adding VSQ & FDT for use as collateral in UMA contracts.

Mhairi · March 22, 2022, 2:55pm

Community Revew Call outcome - 21st March

Go conditional on

VSQ not being a rebasing token
clarifying whether the address refers to mainnet or polygon as per github comments.

Mhairi · March 28, 2022, 5:20pm

VSQ removed pending clarification of rebasing status.

github.com

UMAprotocol/UMIPs/blob/master/UMIPs/umip-153.md

## Headers
- UMIP-153
- UMIP title: Add Fiat DAO (FDT) as a collateral currency. 
- Author: Geoff (stadnykgeoff1@gmail.com)
- Status: Last Call
- Created: 14 March 2022
- Discourse Link: https://discourse.uma.xyz/t/umip-proposal-create-vsq-and-fdt-collateral-adds/1571

## Summary (2-5 sentences)

This UMIP proposes adding FDT 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

To accomplish this upgrade, the following changes need to be made:

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Topic		Replies	Views
UMIP 155 - Create Add VSQ as Collateral on Polygon technical UMIPs	1	291	March 28, 2022
UMIP 150 -Add UMA as collateral currency on Polygon technical UMIPs	0	261	March 3, 2022
UMIP 128 -Add DFX as a Polygon collateral currency technical UMIPs	0	212	March 3, 2022
UMIP 137 Add QUARTZ and ibBTC as collateral currency technical UMIPs	0	220	March 3, 2022
UMIP 44 -Add YAM as a collateral currency technical UMIPs	0	193	March 2, 2022

UMIP 153- Add Fiat DAO (FDT) as a collateral currency

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