# 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 can be used as collateral to create aUSD.
- There are certain risk parameters and rules that need to be followed.
- There is a referendum that people can vote on regarding this proposal.
- The proposal will be implemented around March 10 at 11pm UTC.
- The goal is to create a stablecoin called aUSD.

Enable ACA as collateral to mint aUSD

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