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Magic Internet MoneyMagic Internet Moneyby0x5EeDA5BDF0A647a7089329428009eCc9CB9451ccabracadabradaoeoa.eth

AIP #16: Add an $APE Cauldron

Voting ended about 3 years agoSucceeded

TL;DR: Add a new market using $APE (in the form of $magicAPE) as collateral.

Initial Interest: 18% Borrow Fee: 0% MCR: 70% Liquidation Fee: 7.5% Initial top up of 3m $MIMs, with the possibility of scaling up to 7m depending on volumes and liquidity.

Note: this market will accept magicAPE tokens as collateral. magicAPE is Abracadabra’s in-house $APE auto compounder, read more about magicAPE below!

Off-Chain Vote

Yes, add a magicAPE cauldron
2.87B SPELL97.9%
No, dont add a magicAPE cauldron
62.17M SPELL2.1%
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Discussion

Magic Internet Money AIP #16: Add an $APE Cauldron

Timeline

Feb 14, 2023Proposal created
Feb 14, 2023Proposal vote started
Feb 16, 2023Proposal vote ended
Mar 12, 2025Proposal updated