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Magic Internet MoneyMagic Internet Moneyby0x5EeDA5BDF0A647a7089329428009eCc9CB9451ccabracadabradaoeoa.eth

AIP #58 - Add a $ZRO cauldron on Arbitrum

Voting ended over 1 year agoSucceeded

Following the successful integration of various tokens in the cauldron lineup, the next proposed addition is $ZRO tokens. This would allow Abracadabra to further expand its DeFi offerings, capitalizing on strong borrow demand for $ZRO holders. The proposed terms aim to ensure a safe and profitable lending environment while mitigating risk. Because of Oracle availability, the cauldron is proposed to be launched on Arbitrum.

ZRO cauldron aligns once more Abracadabra and LayerZero, bringing forward Abracadabra as one of the leading apps on the Layer Zero ecosystem.

Cauldron Parameters: Interest Rate: 9% Borrow Fee: 1% Minimum Collateralization Ratio (MCR): 80% Liquidation Fee: 6%

Off-Chain Vote

Yes, Add the cauldron
5.98B SPELL100%
No, Do not add the cauldron
0 SPELL0%
Quorum:199%
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Discussion

Magic Internet MoneyAIP #58 - Add a $ZRO cauldron on Arbitrum

Timeline

Oct 29, 2024Proposal created
Oct 30, 2024Proposal vote started
Nov 02, 2024Proposal vote ended
Mar 12, 2025Proposal updated