BaseDollar accepts two types of collateral: standard single-asset collateral and Aerodrome LP token collateral.
Standard Collaterals
| Asset | Envisioned LTV |
|---|
| wETH | 90.91% |
| cbBTC | 87.5% |
| wstETH | 87.5% |
| superOETHb | 85% |
Standard collaterals have:
- User-defined interest rates
- Redemptions enabled
- Individual stability pools
LP Token Collaterals (Aerodrome)
LP token collaterals are in segregated branches with unique mechanics:
- Auto-staking in Aerodrome gauges for AERO rewards
- ~30-35% AERO tax (TBD) taken by protocol as interest
- NO redemptions (positions protected from redemption risk)
- Aggregated stability pool (FsBaseD) instead of individual pools
sAMM (Stable AMM) Pairs - 82.5% LTV
| Pair | Current TVL | Current APR |
|---|
| wETH/msETH | $18.5M | 10.64% |
| msUSD/USDC | $10M | 12.71% |
| BaseD/USDC | $4M | 8.5% |
| BaseD/LUSD | $2M | 9.8% |
vAMM (Volatile AMM) Pairs - 70% LTV
| Pair | Current TVL | Current APR |
|---|
| USDC/AERO | $62M | 40% |
| USDC/ETH | $22.3M | 11.5% |
| wETH/WELL | $11.3M | 9.1% |
| VIRTUAL/wETH | $8.8M | 28.8% |
| wETH/cbBTC | $5M | 4.2% |
| wETH/AERO | $5M | 27.9% |
| VIRTUAL/cbBTC | $4.4M | 28% |
Key Differences
| Feature | Standard Collaterals | LP Token Collaterals |
|---|
| Stability Pool | Individual per collateral | Aggregated (FsBaseD) |
| Redemptions | Enabled | Disabled |
| Interest | User-set rate | ~30-35% of AERO farmed (TBD) |
| Branch Type | Regular | Segregated, capped |