Magic Internet Money (MIM)

I propose that the CAKE community create a CAKE/MIM V3 pool to increase liquidity and leverage the Magic Internet Money (a stable currency). This will take advantage of the lack of liquidity for this stable currency and provide another option similar to HAY, but backed by CAKE.

To achieve this, I suggest a fee of either 1% or 0.25% for the pool, given the absence of liquidity for this stable currency. If leveraging with CAKE or BNB, I recommend taking on no more than 400% and being responsible with the funds at risk.

More stable coins in the CAKE ecosystem will lead to greater volume, usage, and burn. Here's an example of how to do it: if I have 1000 Cake (valued at 3600 USD), I would request 900 MIM, then pair it with 250 CAKE (valued at 900 USD), and concentrate them for trading with minimal impact on prices. Anyone who is interested in adding liquidity can do so with me.

If I receive 1000 positive votes supporting this proposal, I will open the pool on May 15th with my own funds. However, if someone is interested in opening it earlier, they are welcome to do so.

CoinMarketCap

Price MIM: https://coinmarketcap.com/currencies/magic-internet-money/

Protol: https://app.abracadabra.money/#/borrow/2