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Magic Internet MoneyMagic Internet Moneyby0x941ec857134B13c255d6EBEeD1623b1904378De9romy.eth

SAIP #43: Add a WBTC and WETH Market

Voting ended about 2 years agoSucceeded

Tl;dr: Add a new BTC and WETH market on Arbitrum, to allow market makers to borrow MIM and pair it with USDT and USDC to improve liquidity for MIM on chain.

Both Market Parameters:

Interest: 6%

Borrow Fee: 0.25%

MCR: 80%

Liquidation Fee: 6%

Initial top up of 1 m $MIMs each, with the possibility of scaling up to 3m depending on volumes and liquidity without further votes.

Off-Chain Vote

Yes, Launch the Cauldrons
4.29B SPELL100%
No, Do not launch the Cauldrons
0 SPELL0%
Quorum:143%
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Discussion

Magic Internet MoneySAIP #43: Add a WBTC and WETH Market

Timeline

Jan 25, 2024Proposal created
Jan 25, 2024Proposal vote started
Jan 26, 2024Proposal vote ended
Feb 27, 2025Proposal updated