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Magic Internet MoneyMagic Internet Moneyby0x5EeDA5BDF0A647a7089329428009eCc9CB9451ccabracadabradaoeoa.eth

AIP #57 - Add a USD0++ Cauldron

Voting ended over 1 year agoSucceeded

Add a USD0++ cauldron.

Cauldron Parameters Interest Rate: 8.5%

Borrow Fee: 0.5%

Minimum Collateralization Ratio (MCR): 86%

Liquidation Fee: 7.5%

Initial Top-Up:

1 million $MIM initially, with potential scaling up to 2 million depending on volume and liquidity.

Off-Chain Vote

Yes, Add the USD0++ cauldron
6.54B SPELL100%
No, Do not add the cauldron
0 SPELL0%
Quorum:218%
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Discussion

Magic Internet MoneyAIP #57 - Add a USD0++ Cauldron

Timeline

Oct 01, 2024Proposal created
Oct 02, 2024Proposal vote started
Oct 05, 2024Proposal vote ended
Mar 12, 2025Proposal updated