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FIAT DAOFIAT DAOby0x78aD67Cb7d4cc05E9439eBd2a8132f8D3d1Ad63ffiege_max.lens

FDIP-003: Approve COP-004, -005

Voting ended almost 4 years agoSucceeded

Summary Notional Finance is being proposed as the second supported issuer of collateral types for FIAT DAO.

Successful passage of this vote will result in the deployment of collateral vaults for the assets mentioned in COP-004 and COP-005 and for successive tenors thereof.

Motivation FIAT DAO is a protocol for providing credit to holders of fixed income assets through DeFi. For each approved collateral type, FIAT DAO members are taking on the implicit risks associated with unhedged positions. It is important that the community come to a consensus on the risk parameters laid out for each supported collateral type.

Notional Finance is one of the largest issuers of fixed income assets on Ethereum mainnet by TVL. They have expressed their interest in becoming a close partner to our protocol.

Purpose Two collateral onboarding proposals were presented on the Commonwealth forum earlier this week.

  • Notional fDAI: https://commonwealth.im/fiat-dao/discussion/4549-cop004-notional-fdai
  • Notional fUSDC: https://commonwealth.im/fiat-dao/discussion/4550-cop005-notional-fusdc

This vote is to confirm that the collateral vaults should be deployed as laid out in each proposal.

Reasons Against N/A

Feedback Received From N/A

Vote -In Favor: Notional fCash are onboarded as collateral in accordance with the COP language

-Against: Each COP is revisited

Off-Chain Vote

Yes, Approve both COP's
15.28M vFDT100%
No, Revisit COP's
0 vFDT0%
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Discussion

FIAT DAOFDIP-003: Approve COP-004, -005

Timeline

Apr 25, 2022Proposal created
Apr 25, 2022Proposal vote started
Apr 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated