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Magic Internet MoneyMagic Internet Moneyby0x5EeDA5BDF0A647a7089329428009eCc9CB9451ccabracadabradaoeoa.eth

AIP #59 - Add a $ENA 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 $ENA tokens. This would allow Abracadabra to further expand its DeFi offerings, capitalizing on strong borrow demand for $ENA 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.

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

Off-Chain Vote

Yes, Add the Cauldron
5.92B SPELL100%
No, Do not Add the Cauldron
499.12K SPELL0%
Quorum:197%
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Discussion

Magic Internet MoneyAIP #59 - Add a $ENA cauldron on Arbitrum

Timeline

Nov 13, 2024Proposal created
Nov 14, 2024Proposal vote started
Nov 17, 2024Proposal vote ended
Mar 12, 2025Proposal updated