Proposal to add 1INCH
This is a proposal to add 1INCH as a capped collateral to Interest Protocol.
1INCH is an ERC-20 governance and utility token of the 1inch Protocol.
Both Matcha and DeFi Llama estimate 10% slippage to occur at ~$8,800,000 market sell.
Token Address: 0x111111111117dC0aa78b770fA6A738034120C302
Capped Token address: TBD
Liquidation incentive: 10%
Maximum Cap: 5,000,000 1INCH (~$2,000,000 market value at time of writing)
Primary oracle: 0xc929ad75b72593967de83e7f7cda0493458261d9
Price deviation: 20%
Market Cap: $3,323,000
Liquidity: ~$15,700,000 (Uniswap V3: 0xe931b03260b2854e77e8da8378a1bc017b13cb97)
Coingecko 7-day avg 24hr volume: $13,400,000
Notable exchanges: Coinbase, Binance, Kraken, Uniswap, etc
Type of contract: ERC20
Underlying asset: Governance Token
Time: 884 Days (Created December 23, 2020)