# Asset onboarding process Notional asset listings are a three-step process. ### **1) Asset onboarding proposal** Community members can initiate asset listings by publishing a Notional Request for Comment (NRC) on the [Notional governance forum](https://forum.notional.finance/). The application should cover all items mentioned in the asset listing [template](https://app.gitbook.com/o/-MI0Q4nuozOKJPU8HqMF/s/vyGOTVIK6Qi82gLUVyf9/~/changes/6/templates/asset-onboarding-nrc-template). More precisely the NRC should include a security assessment, technical implementation assessment, and economic risk assessment. **Security review** * High-level smart contract review * Review of past audits and past hacks/bugs * Maturity of the project and usage **Implementation review** * Assessment of potential Oracle risks * Is the asset a rebasing token? * Does the asset has transfer fees? **Economic risk review** * Overview of historical returns, volatility, and on-chain liquidity profile * Review of the asset's distribution and token holder base * Assessment of qualitative risks (ex: centralization, blacklisting) **Listing parameter selection** * Selection of collateral asset governance parameters (if applicable): * Supply cap * Exchange rate haircut and buffer * Exchange rate liquidation discount * Selection of tradable asset governance parameters (if applicable): * Interest rate curve parameters for Prime Cash and fCash markets (Kinks, Kink rates, max rates, initial proportions, fees) * nToken parameters (deposit shares, leverage thresholds) * Asset haircuts and buffers (fCash haircut and buffer, nToken haircut percentage, max ) * Incentive rates Before publishing an asset listing NRC, community members should validate that the asset meets the **minimum listing requirements:** * The asset is an ERC-20 token; * It has been traded for at least 3 months; * A sufficiently robust oracle exists (ex: Chainlink); * At least one high-quality audit of the asset's underlying project has been conducted; * More than 1,000 unique wallets hold the asset; * The current float (circulating supply/max supply) is above 25%; * The token has more than $2m of on-chain DEX TVL (Mainnet) or more than $500K of on-chain DEX liquidity on a Layer 2 chain where a Notional deployment exists. ### **2) Temperature check** Following a community member asset listing proposal, the community will be able to show their support by voting on a temperature check poll accompanying the asset onboarding NRC. For an NRC to pass the temperature check, it has to get at least **80%** support from at least **5** community members. Community members can and should express feedback regarding the proposed governance parameters on the forum. If the NRC passes the temperature check, it will be formalized as a Notional Improvement Proposal (NIP) and will move to an official Snapshot vote. ### **3) Community snapshot vote** If the community response to the NIP is positive, a [snapshot](https://snapshot.org/#/notional.eth) vote will be held over a five day period. The snapshot vote allows community members to signal their support or opposition. If the snapshot poll outcome is positive, the asset will be listed on Notional. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.notional.finance/collateral-onboarding-framework/listing-process/asset-onboarding-process.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.