Cosmos Stabletoken Liquidity Initiative (CSLI) status
Cosmos Stabletoken Liquidity Initiative (CSLI) Also known as Cosmos Hub Proposals 899 and 912 Proposal summary • This proposal allocates 4% of the Cosmos Community Pool’s idle ATOM to liquid staking on Stride and Persistence. • Initially 188,768 ATOM will be transferred, with an additional 6% in the next quarter, totaling approximately 10% of the Community Pool. • The staked assets will be managed by a multisig, with an estimated increase in capital efficiency of 18% on the original ATOM. Milestones Completed: • Proposal passes, funds transfered to multisig cosmos18d3gg43rlrmudvcdrgdects3v5cd3w6ds7646v • Multisig wallets setup on • Persistence persistence18d3gg43rlrmudvcdrgdects3v5cd3w6d7jux5g • Stride stride18d3gg43rlrmudvcdrgdects3v5cd3w6dn46fwq • ATOM staked • stATOM Mintscan • stkATOM Mintscan • IBC tokens to Agoric • 125,046.19 stATOM IBC transferred to Agoric chain • 14,731.72 stkATOM IBC transferred to Agoric chain Milestones to do: • Open Inter Protocol Vaults • stATOM • stkATOM • Mint IST from Inter Protocol Vaults • stATOM • stkATOM • Move IST to DEXes • Osmosis • Astroport • Shade • Quasar • Swap…
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how is the promised 18% increase in capital efficiency measured?
This is measured by the combination of yield sources on the ATOM and IST generated by this strategy:
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staking rewards
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rewards from trading fees on each LP pool on a Dex and
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any additional incentives activated on the pools.
You’ve given a similar non-answer before: Agoric Cosmos Hub Proposal Signaling/Text Potential profit is 18-19% based on a collateralization ratio on the overall position of 350 - 440%, which is a very conservative position. The yields at different collateralization ratios (that the Hub can choose) are as follows: 350% : 18.5% APY 400% : 18.19% APY 440% : 18% APY These calculations take into account the collateralization ratio, liquidation ratio (160%) and Inter Protocol vault fee. The net yield is shown in the APYs above. But what mathematical and logical steps do you actually take to reach your conclusions? It’s all very vague, it’s like reading marketing copy instead of a sober analysis of risks and rewards. Boosting the most decentralized and established stablecoin in the Cosmos ecosystem is a great public good but can we be extremely specific about the numbers involved? ATOM staking rewards appear to be the vast majority of the ‘profit’ and the Community Pool already has plenty of ATOM in it. • Exactly what numbers do you start with, and how exactly do they lead to the conclusion you reached? What is the exact breakdown of ATOM, IST, USDC,…
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