Overview

This proposal aims to activate the wrapped Lido staked ETH (wstETH) token market into the Strike protocol.

Motivation

The inclusion of the wstETH market was initially proposed in Proposal 39. To enhance security, the collateral factor for the wstETH market was initially set to 0. After thorough verification of the protocol’s safe operation post-listing, we propose adjusting the collateral factor to 80%, as previously discussed in the community forum. This adjustment will activate the market and further strengthen security measures.

wstETH Market Parameter Adjustment

Collateral Factor: 80%

Reserve ETH for strike community