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Magic Internet MoneyMagic Internet Moneyby0x941ec857134B13c255d6EBEeD1623b1904378De9romy.eth

AIP #66: Berachain Infrared Vault Cauldrons

Voting ended about 1 year agoSucceeded

TL;DR

Introduce six new cauldrons on Berachain:

Infrared WBERA-WETH Vault (BEX LP) Infrared WBERA-WBTC Vault (BEX LP) Infrared MIM-USDT0 Vault (Kodiak Island) Infrared WBERA-HONEY Vault (Kodiak Island) Infrared WBERA-WETH Vault (Kodiak Island) Infrared WBERA-WBTC Vault (Kodiak Island) All cauldrons Pyth for pricing the underlying tokens.

Parameters for all six cauldrons:

Interest Rate: 16% Borrow Fee: 0.5% Maximum Collateralization Ratio (MCR): 75% Liquidation Fee: 8% Initial topup of 500k MIM for all cauldrons, and potential to scale up to 2M MIM per cauldron.

Off-Chain Vote

For
5.69B SPELL100%
Against
0 SPELL0%
Abstain
0 SPELL0%
Quorum:190%
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Discussion

Magic Internet MoneyAIP #66: Berachain Infrared Vault Cauldrons

Timeline

Feb 27, 2025Proposal created
Mar 01, 2025Proposal vote started
Mar 04, 2025Proposal vote ended
Mar 04, 2025Proposal updated