[ARFC] Add MAI to Optimism Aave V3 pool
Title: [ARFC] Add MAI to Optimism Aave V3 pool Author: @marczeller - Aave-Chan Initiative Date: 2023-04-13
Summary
This proposal presents Aave with the opportunity to onboard MAI to the Optimism Aave V3 Market.
Abstract
MAI is a decentralized stablecoin minted by the Qidao Protocol. For more details about MAI, please refer to Qidao's official website.
Motivation
Supporting stablecoin diversity is part of the Aave-Chan Initiative (ACI) delegate platform. The risk parameters provided are the same as those adopted on the Polygon PoS Aave V3 Pool.
The newly proposed risk parameters replicating the MAI parameters on Polygon V3 pool are merely suggestions to start the conversation. The ACI is inviting Risk Service Providers to provide feedback on them.
Specification
Ticker: MAI Contract Address: 0xdFA46478F9e5EA86d57387849598dbFB2e964b02
| Risk Parameter | Value |
|---|---|
| Isolation Mode | YES |
| Enable Borrow | YES |
| Enable Collateral | NO |
| Loan To Value | 75% |
| Liquidation Threshold | 80% |
| Liquidation Bonus | 5% |
| Reserve Factor | 20% |
| Liquidation Protocol Fee | 10% |
| Borrow Cap | 1,200k |
| Supply Cap | 2,200k |
| Debt Ceiling | 2,000k |
| Base | 0% |
| Slope1 | 4% |
| Uoptimal | 80% |
| Slope2 | 75% |
Disclaimer
The ACI is not affiliated with Qidao or any other entity and has not received payment to present this ARFC.
At the time of writing, the author (@marczeller) owns QI & vQI, the native asset of the Qidao Protocol, for ~50k$. The author was not paid to publish this ARFC.
Next Steps
- If consensus is reached, submit an Aave Improvement Proposal (AIP) to onboard MAI on the Optimism Aave V3 pool.
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
385.85K AAVE99.9%
NAY
263.9 AAVE0.1%
ABSTAIN
14.71 AAVE0%
Discussion
Timeline
Apr 20, 2023Proposal created
Apr 21, 2023Proposal vote started
Apr 24, 2023Proposal vote ended
Dec 18, 2025Proposal updated