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Notify user of minimum initial debt amount (in equivalent collateral value) in IBC transfer pop-up #100

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otoole-brendan opened this issue Jun 27, 2023 · 0 comments
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enhancement New feature or request

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@otoole-brendan
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What is the Problem Being Solved?

Currently when a user wishes to open a vault, it is not abundantly clear what the minimum initial debt amount until they attempt to create the vault. At this stage though, the user may have already IBC transferred ATOM to the Agoric chain via IBC transfer feature of Wallet UI. If it's not enough they will have to do another transfer which is another friction point.

We should notify the user of this amount in the deposit pop-up so the user knows to transfer at least the minimum amount.

Description of the Design

IBC transfer should include text along the lines of: 'If transferring ATOM to lock up as collateral, please note you'll require a minimum of X ATOM in order to create a vault'.

This only serves to notify, i.e. we should allow user to transfer less and not validate in anyway.

'X ATOM' will need to dynamically update based on changes to 'minimum initial debt' governed parameter and fluctuating oracle prices.

Security Considerations

N/A

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