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!