# UMIP 153- Add Fiat DAO (FDT) as a collateral currency

**URL:** <https://discourse.uma.xyz/t/umip-153-add-fiat-dao-fdt-as-a-collateral-currency/1571>\
**Category:** technical UMIPs\
**Created:** [March 18, 2022, 10:10am UTC](https://discourse.uma.xyz/t/umip-153-add-fiat-dao-fdt-as-a-collateral-currency/1571 "2022-03-18T10:10:43Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Mhairi](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/mhairi/32/48_2.png) [@Mhairi](https://discourse.uma.xyz/u/Mhairi)\
**Post date:** [March 18, 2022, 10:10am UTC](https://discourse.uma.xyz/t/umip-153-add-fiat-dao-fdt-as-a-collateral-currency/1571/1 "2022-03-18T10:10:43Z")

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This UMIP proposes adding VSQ & FDT for use as collateral in UMA contracts.

> <https://github.com/UMAprotocol/UMIPs/pull/495>
>
> Initial research shows the VESQ contract deployed solely on Polygon & FDT solely… on Ethereum Mainnet.

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**Author:** ![Mhairi](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/mhairi/32/48_2.png) [@Mhairi](https://discourse.uma.xyz/u/Mhairi)\
**Post date:** [March 22, 2022, 2:55pm UTC](https://discourse.uma.xyz/t/umip-153-add-fiat-dao-fdt-as-a-collateral-currency/1571/2 "2022-03-22T14:55:49Z")

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**Community Revew Call outcome - 21st March**

Go conditional on

- VSQ not being a rebasing token
- clarifying whether the address refers to mainnet or polygon as per github comments.

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<div class="post-metadata">

**Author:** ![Mhairi](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/mhairi/32/48_2.png) [@Mhairi](https://discourse.uma.xyz/u/Mhairi)\
**Post date:** [March 28, 2022, 5:20pm UTC](https://discourse.uma.xyz/t/umip-153-add-fiat-dao-fdt-as-a-collateral-currency/1571/3 "2022-03-28T17:20:47Z")

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VSQ removed pending clarification of rebasing status.

> <https://github.com/UMAprotocol/UMIPs/blob/master/UMIPs/umip-153.md>