# Summary
enable ACA as collateral to mint aUSD at block #563000( around March 10 at 11pm UTC)

# Risk params

+ Liquidation ratio:        2.0
+ Minimum collateral ratio: 2.4
+ Liquidation penalty:      0.15
+ Stability fee:            0.0275
+ Debt ceiling:             $5M

# Referendum
https://acala.subscan.io/referenda/6

- ACA will be used as collateral to create aUSD.
- There are certain risk parameters in place to manage the collateral.
- The referendum link provides more information about the decision.
- The decision will be made around March 10 at 11pm UTC.
- The debt ceiling for aUSD is set at $5M.

Enable ACA as collateral to mint aUSD

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