Supported Collaterals

Introduction

This page contains the up to date list of supported collaterals in the Open Dollar protocol at launch. All collateral types have gone through rigorous quality research.

Collaterals

wstETH

wstETH - Lido wrapped staked ETH

Token Address: 0x5979D7b546E38E414F7E9822514be443A4800529

Minimum Collateral Ratio: 125%

Stability Fee: 1.85% APR

rETH

rETH - Rocket Pool ETH

Token Address: 0xEC70Dcb4A1EFa46b8F2D97C310C9c4790ba5ffA8

Minimum Collateral Ratio: 125%

Stability Fee: 1.75% APR

ARB

ARB - Arbitrum

Token Address: 0x912CE59144191C1204E64559FE8253a0e49E6548

Minimum Collateral Ratio: 185%

Stability Fee: 5% APR

Future Plans

Other collateral types that could be added in the future include other high-quality LSTs like Coinbase Wrapped Staked ETH, and other Arbitrum native tokens with deep liquidity like ARB token.

Higher stability fees and collateralization ratios will be required based on risk assessments of the assets. However, the ODG governance token holders have the final say on what collaterals are added. If the DAO adds new types of collaterals or new vault types with existing ones, those governance proposals are always subject to the Time Lock Delay, which gives users time to exit the protocol if they choose before changes come into effect. This is an additional layer of security.