> For the complete documentation index, see [llms.txt](https://docs.originprotocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.originprotocol.com/resources/governance-templates/collateral-proposal.md).

# Collateral Proposal

Use this template as a guide to propose a new collateral asset for OUSD.

## ***Title:***

*What is the name of the collateral proposal?*

## ***Author(s):***

*Who wrote/contributed to the collateral proposal?*

## ***Create date:***

*When was the collateral proposal created?*

## ***Proposal:***

*One sentence summarizing the collateral proposal*

### **References**

*Add links to:*

* *project*
* *project website*
* *CoinGecko/CMC*
* *whitepaper*
* *docs/Gitbook*
* *source code/Github*
* *Ethereum addresses*
* *number of holders*
* *price oracle(s)*
* *audits*

**Socials**

Add links, with the number of followers/members:

* Twitter
* Discord
* Telegram
* Facebook
* Reddit
* Youtube

## History

*When did the stablecoin launch?* 

*What was the peak TVL?*

*Where else is the stablecoin used as collateral?* 

## Smart Contract Practices 

*Can anyone mint the stablecoin?* 

*Do the contracts use any proxies?* 

*Are the contracts upgradable?* 

*Is there a timelock?* 

*Add any other relevant information on the smart contracts.*

## Audits 

*How many audits has the stablecoin gone through?* 

*Which critical issues were uncovered?* 

*How were the issues fixed/mitigated?* 

*Which issues have not been fixed and why?*

#### Previous Hacks

*Has the project suffered a hack or exploit in the past?* 

*When did this happen?* 

*How did it happen?* 

*Did the event lead to a loss of user funds?* 

*How were affected users compensated?* 

*What has changed since the event?*

#### Bug Bounty

*Does the project maintain an active bug bounty? Please share any relevant links.*

## Peg Stability

*Does the stablecoin have the capability to maintain its peg to USD?* 

*How often does it de-peg?* 

*When was the last major de-peg?*

## Liquidity & Composability 

*Can users exit the stablecoin with sufficient liquidity in dire situations? There should be at least $100M liquidity available to be considered an option - if there is not, explain why.*

## DeFi Integrations 

*Where is the stablecoin currently supported in Defi? List out any lending markets, CDPs, DEX pools, and other integrations.*

## Team 

*Tell us more about the project team - is the team doxed?* 

*Can at least two people be seen publicly working on the project?* 

*Is there any prior history of nefarious activity?* 

## Documentation 

Does the project documentation provide insightful information for developers and researchers? 

Are all deployed contracts linked to their respective Etherscan page? 

Are all multi-sig addresses included? 

## Admin Controls

*Is the project open about the multi-sig control for their smart contracts?* 

*Where can this information be found?* 

*How intuitive is it for the average user?*

## Liquidity Bootstrapping

*Will the stablecoin provide some liquidity to OUSD to bootstrap the TVL? If so, how much?*

### Vote

*Can be binary, or have multiple options with a "No" option. Please also add an abstain option.*

* **Yes** - Approve \[collateral name]
* **No** - Do not approve \[collateral name]
* **Abstain**