Collateral Integration Process

Before whitelisting any new collaterals, our team follows a 3-step process. It starts out with an internal review: a deep dive on the protocol's codebase, review of codebase audits/any economic security work done, and finally technical interviews with the team to address any concerns.
Then, we bring the collateral to Three Sigma Labs. They do another in-depth, independent review that consists of smart contract analysis, economic security assessment, and governance risk analysis.
From there we work together to determine if it is safe to integrate. We are very aware of past exploits in lending protocols i.e. CREAM. And as a result, we're thorough in our security analysis, which includes auditing the oracles and price feeds that we utilize.
After the initial bootstrapping period (first few weeks after launch), all integrations will be announced 1-week prior to gather feedback and discuss potential objections from partners and community members. Post integration, both us and Three Sigma Labs conduct on-going collateral health and safety ratio monitoring; if we detect any anomalies or risk, we re-adjust the borrowing caps and can deprecate collateral (prevent adding more to the system) when appropriate.