0xd0fe2019…4331sent to0xb024ac5a…a016·#21,157,284·view on Etherscan
# Update eligible collateral criteria to include Superstate Short Duration US Government Securities Fund (USTB)
### Proposal
Assuming proposal “Update eligible collateral criteria to prepare for future onboarding of US treasuries investment or holding structures” is approved, this present proposal recommends the inclusion of Superstate Short Duration US Government Securities Fund (USTB) product as one of the explicitly approved so-called wrappers of United States Treasury Bills to be deemed Eligible Collateral as per section 3.1, and valued in accordance to section 3.2 in the Adopted Governance — i.e. without any additional haircuts given no additional risk overlay of the wrapping technology.
The Superstate Short Duration US Government Securities Fund (USTB) was analyzed in detail by several teams in the M^0 ecosystem, including members of M^0 Labs, MXON, and the M^0 Foundation. After thorough diligence, the product is being recommended to distributed governance as suitable for the ecosystem. For more information on USTB, see [https://superstate.co/ustb](https://superstate.co/ustb) . For any questions on the due diligence and findings, please contact [joao.reginatto@m0.org](mailto:joao.reginatto@m0.org).
Please note this proposal should only be approved if proposal *“Update eligible collateral criteria to prepare for future onboarding of US treasuries investment or holding structures”* is also approved.
### Change #1
**Section: 3.1. Criteria for Eligible Collateral**
Old:
> i. Criteria for the Eligibility of Assets:
> * …
>
> ii. Ancillary Criteria for the Eligibility of Assets:
New:
> i. Criteria for the Eligibility of Assets:
> * …
>
> * * *List of approved wrappers: Superstate Short Duration US Government Securities Fund (commonly referred to as USTB).*
> * ii. Ancillary Criteria for the Eligibility of Assets:
---