Summary

The aim of this proposal is to enable BendDAO to facilitate deposits of stablecoins and provide borrowers with an opportunity to borrow them.

This proposal does not address the question of whether to implement a BEND token incentive program for stablecoin deposits.

Stablecoins refer to ERC20 tokens such as DAI, USDC, USDT, etc. The specific ERC20 tokens supported are determined by the team and can be adjusted through proposals in the future.

The initial parameters of stablecoins are determined by the team, such as interest rates and veBEND interest distribution, and can be adjusted through proposals in the future.

Background

As per the community governance rules:

• Phase 1: Idea or Draft
  • Minimum number of supporters: 10 - Approved
  • Discord Idea: https://discord.com/channels/897709643948761148/1078096334445350952
  • Proposer: salad.and.fries#1501
• Phase 2: BIP
  • Minimum number of voters: 10 - Approved
  • BIP#27: BIP#27: Proposal to Add Additional Tokens for Borrowers to Borrow - BIP Drafts - BendDAO
  • Proposer: 0xcchan
• Phase 3: On-chain voting
  • Voting Quorum: Approximately 77M veBEND (20% of the total supply)
  • Pass Rate: Over 80% Approve.
  • The voting will last for 7 days.