On 17/03/2022 Starstream’s STARS was added as collateral on the AGORA market.
At the time Starstream had achieved close to $300M in TVL and was the #1 project in TVL on Metis for a period of time.
On Agora it was afforded a conservative 40% collateral factor and a 1 HR TWAP on the STARS-METIS pair on Tethys was used as price source.
We had instituted liquidity checks to ensure collaterals remained liquid in the event of a liquidation.
In light of the reducing liquidity in the STARS METIS pair, a decision was made to lower the collateral factor of STARS down to 20%.
On 11:16 AM UTC on April 7th, a 12 HR window was offered to the community to adjust their positions before the change was implemented via tweet and official announcements on both TG and Discord.
On the 5th of April, the Starstream project deployed a new blackhole vault.