Proposal: Add DOT as a supported collateral asset on Venus ETH Mainnet

Proposals
1

Summary
This proposes the addition of DOT to the Venus lending market.

Motivation
DOT is one of the most significant coins belonging to one of the biggest blockchains. Until now, there has been no access to it outside the Polkadot ecosystem. Venus can be the first lending protocol to list it. DOT is currently receiving increased attention, and the Venus protocol can capture some of this by adding it to the list of assets users can lend and borrow.

With the recent launch of Hyperbridge on mainnet, DOT is now multichain and available on EVM chains. You can view the contract on Etherscan here: LINK.

Specifications
Ticker: DOT
Contract Address (on all chains): 0x8d010bf9C26881788b4e6bf5Fd1bdC358c8F90b8
Chainlink Oracle on BNB Chain: 0xC333eb0086309a16aa7c8308DfD32c8BBA0a2592

Next Steps

  1. Gather community feedback on this proposal.
  2. If consensus is reached, escalate this proposal to the snapshot stage.
  3. If the snapshot outcome is positive, escalate to VIP stage.

Reference
Audit: LINK

Disclaimer
I work for the organisation (Polytope Labs) that deployed the multichain DOT

7 Likes
2

DOT is with us on BNB Chain since our first months without any problems, this proposal has my full support. :handshake:

2 Likes
3

I am all in favor of adding DOT to Venus. It’s a great opportunity for balanced portfolio holders to improve the performance of their assets ^^

2 Likes
4

Would love to see DOT listed on our ETH market. I am support of this proposal :wink:

2 Likes
5

I think the idea of incorporating the DOT token into the Ethereum network is great, especially since Venus already supports the DOT token on BNBChain. I fully agree and you have my support—let’s make this a reality!

1 Like
6

DOT being on Venus is very valuable. I definitely support the proposal. :clap:

1 Like
7

This is a nice proposal! Adding DOT to the Venus lending market is a smart move, especially with its growing attention and multichain availability. It could bring significant value to both Venus and its users.

8

The addition of DOT to the Venus Ethereum market will add great power. DOT’s Supply/Borrow status will greatly increase the interest in this market. I definitely support it

9

While there is a 17% utilization rate even on the cheaper BNB chain, how logical is it to add this token to a more expensive chain like Ethereum? What incentives will there be for people to bring additional DOT to the Ethereum chain? Of course, DOT should be supported on every network. It’s an old coin with a community and ecosystem.

10

DOT’s multichain availability and growing popularity make it a valuable addition, attracting Polkadot users and boosting protocol activity. Fully support this proposal!

11

I think it a good idea! Adding DOT on Venus ETH mainnet