Bitcoin as collateral

100% agree it’s time to move forward with this. With the growing relationship between UST and BTC given the reserve pool used to defend the peg, there have been calls to add wBTC as a collateral type on Anchor. While BTC is not a POS coin, an exception to the current Anchor POS strategy can be made because it has such a tremendous market cap and growing importance in the Terra ecosystem.

As soon as the reserve pool is live, it will be followed by a listing on Astroport.

A max LTV of 65% to monitor the risks for 3 months is recommended. During this time, more wBTC liquidity will be onboarded to the ecosystem, which would allow for a higher LTV.

Let’s get this up as a poll.

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