AIP #31 - Add a MIM/USDT Curve LP token cauldron on Kava
TL;DR: Add a new market using MIM/USDT curve LP tokens as collateral on Kava.
Initial Interest: 3%
Borrow Fee: 0.15%
LTV: 97%
Liquidation Fee: 0.5%
Proposed Oracle: Redstone
Initial top up of 5m $MIMs, with the possibility of scaling up to 10m depending on volumes and liquidity. Further top ups will require 24 hours voting periods.
📖 Read more on the proposal: https://forum.abracadabra.money/t/aip-31-add-a-mim-usdt-curve-lp-token-cauldron-on-kava/4310
Off-Chain Vote
Yes, Add the Cauldron
3.54B SPELL100%
No, do not add the Cauldron
9 SPELL0%
Quorum:118%
Timeline
Sep 28, 2023Proposal created
Oct 01, 2023Proposal vote started
Oct 03, 2023Proposal vote ended
Mar 12, 2025Proposal updated