As per the outcome of this poll voted by the Maker Governance on November 8th, the proposal of WBTC (Wrapped Bitcoin) to be onboarded as the vault type WBTC-B will be available for execution today, November 22d.
This will allow for higher leverage with a lower Liquidity Ratio and a higher Stability Fee.

Using Oasis.app Multiply you could already get up to 3.2x with WBTC-A. This new WBTC-B ilk will allow you to get multiples up to 4.3x. If you want to open a WBTC-B multiply vault yourself, you can do so now, here. 

Read below to see which will be the parameters for WBTC-B voted by the Maker Governance:

Initial Collateral Parameters

• Underlying Collateral: WBTC (Wrapped Bitcoin)
• Stability Fee: 7%
• Liquidation Ratio: 130%
• Debt Ceiling (line): 500 million DAI
• Target Available Debt (gap): 30 million DAI
• Ceiling Increase Cooldown (ttl): 8 hours
• Debt Floor (dust): 30,000 DAI

Liquidation Parameters

• Auction Price Function (calc): Stairstep Exponential
• Price Change Multiplier (cut): 0.99
• Price Change Interval (step): 60 seconds
• Auction Price Multiplier (buf): 1.2
• Liquidation Penalty (chop): 13%

Limits

• Local Liquidation Limit (ilk.hole): 25 million DAI
• Maximum Auction Drawdown (cusp): 0.4
• Maximum Auction Duration (tail): 90 minutes
• Breaker Price Tolerance (tolerance): 0.5

November 22, 2021