UMIP 125 - Add MATIC, INST and JRT as collateral currency

Mhairi · March 3, 2022, 3:06pm

This UMIP proposes adding MATIC, INST and JRT for use as collateral in UMA contracts.

UMAprotocol/UMIPs/blob/master/UMIPs/umip-125.md

**UMIP-125**

-   **UMIP title:** Add MATIC, INST and JRT as collateral currency 
-   **Author:**  Chandler De Kock (chandler@umaproject.org)
-   **Status:** Last Call
-   **Created:**  12 August 2021
-   **Discourse Link:** https://discourse.uma.xyz/t/add-matic-inst-and-jrt-as-collateral/1305

## Summary (2-5 sentences)

This UMIP proposes adding **MATIC**, **INST** and **JRT** for use as collateral in UMA contracts.

## Motivation

The addition of this collateral currency offers additional functionality to the UMA protocol and increases the range of contracts that can be built.

## Technical Specification

To accomplish this upgrade, the following changes need to be made:

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UMIP 125 - Add MATIC, INST and JRT as collateral currency

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