There are three major types of collateral on Ruler.
Collaterals that have wide-spread recognition in crypto communities, like wBTC and wETH.
Collaterals that are important to the protocol like RULER as the governance token of the protocol.
Collaterals that are critical strategic partners, like COVER.
Collaterals that have some recognition in some crypto communities, like xSUSHI.
Collaterals that are from strategic partners, like INV.
Collaterals that are from newer projects without wide recognition and unclear borrowing needs.
Collaterals with a higher LTV ratio.
Note: each collateral can change its type through a community proposal at any given time, it will take effect in the next loan cycle.
If a collateral is not borrowed against sufficiently, Ruler will delist the collateral the month after. Collaterals can be listed again in the future when the borrowing needs are justified.
Total borrow amount is less than $70,000.
Borrow/Loan ratio is less than 20%, and rewards reduction is not possible. If rewards reduction is possible, it will be executed before delisting.
Partner is incentivizing the liquidity pool.
Collateral liquidity pool has no RULER rewards.
Total loaned is expected to be more than 200k.