UMIP 131 -Add miMATIC, VOL, BIFI, ICE, IRON and IF as supported collateral currencies

Mhairi · March 3, 2022, 3:12pm

This UMIP proposes adding miMATIC, VOL, BIFI, ICE, IRON and IF for use as collateral in UMA contracts.

github.com

UMAprotocol/UMIPs/blob/master/UMIPs/umip-131.md

## Headers
UMIP-131

-   UMIP title: Add miMATIC, VOL, BIFI, ICE, IRON and IF as supported collateral currencies 
-   Author: Chandler (chandler@umaproject.org)
-   Status: Last Call
-   Created: 13 September 2021


## Summary (2-5 sentences)

This UMIP proposes adding **miMATIC**, **VOL**, **BIFI**, **ICE**, **IRON** and **IF** 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.

miMATIC also known as MAI is a soft pegged stablecoin that is backed by other assets in the Polygon network.

## Technical Specification

This file has been truncated. show original

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UMIP 131 -Add miMATIC, VOL, BIFI, ICE, IRON and IF as supported collateral currencies

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