New vault types PT-rETH-26JUN2025 PT-wstETH-26JUN2025

Overview

The DAO has decided to add PT-wstETH and PT-rETH the next new collateral. There has been discussion both in the discord and in the forum on this topic.

Discussion

See forum discussion https://commonwealth.im/open-dollar-governance/discussion/24074-collateral-expansion-to-add-pendle-ptreth-ptwsteth

Oracles

We have already deployed an oracle for Pendle PT collateral. The code for these new oracles can be found in od-relayer-defi-integrations. These oracles have not yet been audited.

MAINNET_DELAYED_PT_RETH_26JUN2025_USD_ORACLE = 0xC398dD38831a8f0f6C436137d07E0580d974269e;
MAINNET_DELAYED_PT_WSTETH_26JUN2025_USD_ORACLE = 0x0a77069A8d1E7fd7B49222BF2B1d1d4687C1177B;

Details

Adding a new collateral to the system requires deploying multiple contracts and calling functions on existing ones to initialize the new collateral.

Each collateral has it's own set of parameters that define how it interacts with the rest of the Open Dollar system.

An explanation of parameters can be found in the following document.

Open Dollar Protocol Parameters

To create your own proposal use the CLI tool od-governance-manager and submit a PR.

start

July 26, 2024

7:40 AM

end

July 28, 2024

7:56 AM

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