AIP #20 - Protocol-owned Liquidity: MIM3pool Cauldron

Voting ended almost 3 years agoSucceeded

Add a new private cauldron accepting MIM-3pool (staked in convex for boosted rewards) as collateral, open only for Abracadabra's treasury.

Interest fee 1% Maximum collateral ratio 98% Liquidation fee 0.5% Borrow fee 0% Initial Top Up: up to 50m MIM

The treasury will borrow against USDT (converted to 3pool) and will conservatively manage the liquidation price (e.g., $0.90).

Yes, Proceed with AIP #20

3.06B SPELL99.9%

No, Do not Proceed with AIP #20

3.47M SPELL0.1%

Apr 15, 2023Proposal created

Apr 15, 2023Proposal vote started

Apr 18, 2023Proposal vote ended

Mar 12, 2025Proposal updated