Proposal is to add GNO to IP as a capped collateral.
GNO is an ERC-20 governance, network, and staking token for Gnosis Chain. It has existed for over 5 years. Gnosis is responsible for Gnosis Safe, COWswap, and has merged with xDAI chain and rebranded Gnosis Chain.
Both Matcha and DeFI Llama estimate 2% slippage for a $5M market sell
Token Address: 0x6810e776880c02933d47db1b9fc05908e5386b96
Capped Token address: TBD
Liquidation Incentive: 10%
Maximum Cap: 10,000 GNO (or about $1,100,000 market value at time of writing)
Oracle Address: TBD
Primary Oracle: 0x31BFA908637C29707e155Cfac3a50C9823bF8723 (Chronicle, with adapter) TBD
Price Deviation: ??
Market Cap: $304,000,000 (circulating supply)
Liquidity: $13M (Uniswap v3: Uniswap Info)
Coingecko 7-day avg 24hr volume: $1,430,000
Notable exchanges: Coinbase, Binance, Uniswap, etc.
Type of Contract: ERC20
Underlying asset: Governance Token and POS token for Gnosis Chain validator network
Time: 2265 (Created April 18, 2017)