Boss Info AG BOSS

I proposed to add the BOSS as collateral in transaction 0xf7ee85.... This token represents the shares of Boss Info AG, a Swiss IT services company that reported revenues of a little above 50 million CHF in 2022. More information on its price and market cap can be found here.

Relevant parameters and motivation:

Market price per unit: 10.12 CHF
Liquidation price per unit: 6 CHF, safely below the market price, valuing it at roughly 1x expected revenues 2023.
Reserve ratio: 25%, that leaves from leeway when challenging the position
Interest: 3%, that's about how much traditional banks might charge for debt secured with Boss Info shares
Limit: 1 million ZCHF (rather high :) )
Challenge period: 7 days, to make sure that the bidders have enough time to inform themselves about the stock, implicitely assuming that it is not very volatile.

Owners of governance tokens have now three day to deny this position if they think the collateral is not sound.

Technically, one should note that the BOSS token contract can be upgraded and also equipped with white-listing features, which makes it a risky collateral from a technical point of view. So we should not go beyond the proposed limit any time soon in order to not create a too big risk for the system.