Summary

This proposal seeks to add mCAKE, mLISTA, and mwBETH as collateral options in the Innovation Zone on Lista DAO. Given that these assets are integral to the Magpie ecosystem, this proposal intends to integrate them simultaneously.

mCAKE refers to "Magpie CAKE," a liquid version of veCAKE that enables users to earn rewards for their active participation on Cakepie. mLISTA is Listapie’s rendition of the LISTA token from Lista DAO, allowing LISTA holders to convert their tokens into mLISTA via Listapie to earn active participation rewards without any required lock-up period. mwBETH is Eigenpie's liquid restaking version of Binance's wBETH LST. These projects are core SubDAOs within Magpie's ecosystem.

By incorporating these collateral options into the Innovation Zone, Lista DAO aims to expand available collateral choices, foster innovation, and attract more on-chain users to the ecosystem.

Abstract

This proposal aims to add mCAKE, mLISTA, and mwBETH as collateral options within Lista DAO’s Innovation Zone. These projects are integral SubDAOs within Magpie's ecosystem.

This integration will enhance users’ capital efficiency by providing a broader array of assets for minting lisUSD, while benefiting from increased liquidity and yield generation capabilities.

Reference

The Magpie DAO is a suite of protocols that transcends conventional platforms with the goal of enhancing participation and user opportunities across DeFi. Cakepie, Listapie and Eigenpie are key players in the Magpie’s SubDAO model.

Cakepie is a state-of-the-art SubDAO established by Magpie to enhance the long-term sustainability of PancakeSwap.

Website: https://www.pancake.magpiexyz.io/stake Twitter: https://x.com/Cakepiexyz_io Telegram：https://t.me/Official_MagpieMegaDao/101121 Discord: https://discord.com/invite/magpiexyz Docs: https://docs.cakepiexyz.io/cakepie-overview Integrated Token ticker: $mCAKE Contract address:0x581fa684d0ec11ccb46b1d92f1f24c8a3f95c0ca

Listapie is an advanced SubDAO developed by Magpie to enhance the enduring viability of Lista DAO’s CDP and liquid staking services. As a yield and veTokenomics service provider, Listapie’s primary function is to lock LISTA tokens as veLISTA on Lista DAO. This action empowers Listapie to attain superior yields and increased voting power within Lista DAO, delivering exceptional opportunities for LSDfi participants.

Website: https://www.lista.magpiexyz.io/ Twitter: https://x.com/Listapiexyz_io Telegram：https://t.me/Official_MagpieMegaDao/101125 Discord: https://discord.gg/magpiexyz Docs: https://docs.listapiexyz.io/ Integrated Token ticker: $mLISTA Contract address: 0xECf2bCB2342d8157d4fb4F4Bdc1EDF74fbF759b3

Eigenpie is a Liquid Restaking Platform within EigenLayer that allows users to restake their assets to validate new services while earning rewards and maintaining liquidity through LRTs.

Website: https://www.eigenlayer.magpiexyz.io/restake Twitter: https://x.com/Eigenpiexyz_io Telegram：https://t.me/Official_MagpieMegaDao/101124 Discord: https://discord.com/invite/magpiexyz Docs: https://docs.eigenpiexyz.io/introduction Integrated Token ticker: $mwBETH Contract address: 0x7dC91cBD6CB5A3E6A95EED713Aa6bF1d987146c8

Motivation

Integrating mCAKE, mLISTA, and mwBETH as collateral options aligns with Lista DAO’s mission to establish a diverse and resilient DeFi ecosystem. Specifically, this proposal aims to:

1. Broaden Collateral Options: Provide users with innovative avenues to access liquidity via lisUSD while still generating yields.
2. Enhance DeFi Participation: Encourage the adoption of both the Magpie ecosystem and Lista DAO’s platforms.

Specifications

Proposed Parameters of mCAKE

• Minimum Collateralization Ratio (MCR): 300% • Borrow Limit: 10,000 lisUSD • Mint Fee: 0% • Borrowing Rate: Dynamic rate • Withdrawal Options: mCAKE • Withdrawal Fee: 0% • Minimum Borrow Amount: 15 lisUSD • Minimum Collateral Deposit: 100 mCAKE

Proposed Parameters of mLISTA

• Minimum Collateralization Ratio (MCR): 300% • Borrow Limit: 10,000 lisUSD • Mint Fee: 0% • Borrowing Rate: Dynamic rate • Withdrawal Options: mLISTA • Withdrawal Fee: 0% • Minimum Borrow Amount: 15 lisUSD • Minimum Collateral Deposit: 200 mLISTA

Proposed Parameters of mwBETH

• Minimum Collateralization Ratio (MCR): 200% • Borrow Limit: 10,000 lisUSD • Mint Fee: 0% • Borrowing Rate: Dynamic rate • Withdrawal Options: mwBETH • Withdrawal Fee: 0% • Minimum Borrow Amount: 15 lisUSD • Minimum Collateral Deposit: 0.1 mwBETH

Benefits (Pros)

1. Liquidity Retention: Users can earn yields by holding these tokens while simultaneously accessing liquidity through lisUSD.
2. Increased Adoption: By adding these collateral options, we enhance the utility of lisUSD and attract users from the Magpie ecosystem to Lista DAO.
3. Boosted TVL: The inclusion of these collaterals is expected to increase Total Value Locked (TVL) and improve overall utility within the Innovation Zone.

Risks (Cons)

As new collateral options, mCAKE, mLISTA, and mwBETH are still in the process of gaining market traction, leading to uncertainties regarding their adoption. Additionally, these assets may face liquidity constraints during periods of market volatility.

Voting

A Yes vote will approve the addition of mCAKE, mLISTA, and mwBETH as collateral options in the Innovation Zone, according to the specified parameters.

A No vote will reject this proposal, preserving the current list of collateral assets.