# Inter Protocol Vaults: Contract Implementations **URL:** \ **Category:** Inter Protocol\ **Tags:** inter-protocol, opco-update\ **Created:** [May 8, 2023, 11:01pm UTC](https://community.agoric.com/t/inter-protocol-vaults-contract-implementations/261 "2023-05-08T23:01:56Z")\ **Posts on this page:** 1\ **Showing post:** 21
**Author:** ![dckc](https://sea1.discourse-cdn.com/flex019/user_avatar/community.agoric.com/dckc/32/46_2.png) [@dckc](https://community.agoric.com/u/dckc)\ **Post date:** [May 17, 2023, 10:06pm UTC](https://community.agoric.com/t/inter-protocol-vaults-contract-implementations/261/21 "2023-05-17T22:06:48Z")
> [@0xpatrick](#): > > **2. From the devnet demo it seems like ATOM may be the only asset as launch, but how will bridging/depeg risks for assets like axlETH and gravETH be accounted for?** > > **5. What is the process for adding new assets to the oracle contract? Is this controlled by econ committee governance?** Excellent question! This is what BLD staker governance is all about. As it says in the Inter whitepaper: > Governance determines the approved collateral types That decision hasn’t been delegated to anything smaller than the whole BLD staker voting process. So to question 5, no, the econ committee can’t add a new collateral type. So a proposal to bring on axlETH or the like as a Vaults collateral involves discussing such risks to the satisfaction of the BLD stakers. Recall also from the Inter whitepaper: > 2.5 Multiple levels of protection > The Inter Protocol implements several levels of economic protection to ensure that IST remains > 100 percent backed, even in the case of a large drop in the price of collateral: > > 1. Overcollateralization and Liquidation > 2. Reserve pool and IST fees > 3. BLD issuance By way of precedent, recall the proposal to add PSM contracts for DAI\_axl and DAI\_grv: > [@\#17 Add Axelar DAI to Parity Stability Module](https://community.agoric.com/t/add-axelar-dai-to-parity-stability-module/102): > > This discussion thread is meant to evaluate a proposal to make an ERTP issuer called DAI\_axl out of the cosmos denom below, and start a new PSM contract to trade it for IST. Rational: Launched in 2018 DAI is the largest decentralized stablecoin, and fourth largest by market cap. All collateral backing DAI is completely transparent and accounted for on the Ethereum blockchain. Dai is collateralized using many different assets, some with counter party risk and many assets with no counter party… The Economic Committee also has an important role to play: once the decision to approve a collateral type is made, the EC controls parameters noted above: Mint Limit, Collateralization Ratio, etc. These parameters can be used to mitigate bridge risk. Again, by way of precedent, recall the discussion of starting small and expanding those limits for the PSM launch: > [@IST minting limits for Inter Protocol MVP launch](https://community.agoric.com/t/ist-minting-limits-for-inter-protocol-mvp-launch/87): > > The Inter Protocol Economic Committee (EC) met to consider the appropriate limits for the Inter Protocol MVP launch. This is an incredibly exciting time for the Inter Protocol community - and the BLDer DAO and Agoric communities with the release of Agoric’s Javascript VM - and we’re thrilled to be able to support this moment in the development of the global cryptoeconomy. At launch the Parity Stability Module (PSM) has been implemented with four stablecoins: USDC\_axl: USDC via Axelar USDC\_gr… --- _[View the full topic](https://community.agoric.com/t/inter-protocol-vaults-contract-implementations/261)._