Getting Started
- 1.
- Key considerations:
- Pool Structure
- 1.What should be used as collateral and at what LTV?
- 2.What assets should be borrowable?
- Asset Support
- 1.Do assets need plugin support? (ie. use of yield bearing tokens like AMM LP tokens or vault tokens that need to be staked in another contract)
- 2.Do the requested assets have reliable oracle infrastructure?
- 3.How much liquidity is available to reliably liquidate a position? If liquidity depth is low, then supply caps may be needed.
- Seed Liquidity
- 1.How will you source seed liquidity into the pool? Some pool creators seed the liquidity themselves, while others use farming rewards to attract liquidity.
- 2.Will you be using farming rewards to incentivize the pool?
- Interest Rate Model (IRM)
- 1.Do you want a custom interest rate model? Midas’ default IRM is the kink rate model so at what utilization (% borrowed vs supplied) do you want the kink to begin and what will the interest rate be at the kink?
- 2.Midas will provide feedback on pool design, structure, etc.
- 3.Once pool is finalized send pool setup fee to [0x…]. This setup fee covers gas costs to deploy the pool and Midas’ labor hours to get the pool set up.
- 4.After the pool has been set up by Midas, the team will deliver the pool back to you – you can decide whether you want to take ownership of the pool or leave the pool with Midas for updates and changes.
- 5.Seed the pool with liquidity and partner with Midas to co-promote the pool. Typical promotional campaigns include a Medium article and a Twitter post.