UMIP 164 - Add THOR as a collateral currency

Mhairi · September 13, 2022, 2:41pm

This UMIP proposes adding THOR for use as collateral in UMA contracts.

UMAprotocol/UMIPs/blob/master/UMIPs/umip-164.md

**UMIP-164**

- **UMIP title:** Add THOR as collateral currency
- **Author:** abg4
- **Status:** Approved
- **Created:** 28 June 2022

## Summary (2-5 sentences)

This UMIP proposes adding THOR for use as collateral in UMA contracts.

## Motivation

The THOR token acts as a governance, utility, and proof of membership token. Adding THOR to UMA contracts will enable the Thorswap ecosystem to incorporate KPI Options to incentivize their community.

## Technical Specification

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

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UMIP 164 - Add THOR as a collateral currency

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