AIP #46: Add an ETH based cauldron on Blast
Tl;dr: Add a new ETH based market on Blast, to allow Blast users to borrow MIM and pair it with USDB to take part in the bootstrapping event for MIMswap on Blast.
Market Parameters: Interest: 6%
Borrow Fee: 0.5%
MCR: 80%
Liquidation Fee: 6%
Initial top up of 2m $MIMs, with the possibility of scaling up to 4m depending on volumes and liquidity without further votes.
📖 Read more on the proposal: https://forum.abracadabra.money/t/aip-46-add-an-eth-based-cauldron-on-blast/4472
Off-Chain Vote
Yes, add the Cauldron
4.16B SPELL100%
No, Do not add the Cauldron
0 SPELL0%
Quorum:139%
Timeline
Feb 27, 2024Proposal created
Feb 27, 2024Proposal vote started
Feb 28, 2024Proposal vote ended
Mar 12, 2025Proposal updated