MIP #37 - Support for Radpie’s Proposal to Onboard gmBTC & gmETH on Arbitrum

Abstract:

This proposal seeks to gather votes from vlMGP holders on whether Magpie should support Radpie’s RIP #9. The RIP #9 proposal aims to integrate gmBTC and gmETH as collateral within Radiant Capital’s Arbitrum deployment. Feedback from vlMGP holders will guide Magpie’s stance on this matter, ensuring alignment with stakeholder interests.

Motivation:

Supporting RIP #9 aligns with Magpie’s commitment to enhancing platform offerings and improving user experience. Integrating gmBTC and gmETH as collateral will provide users with more borrowing options, reduce risks associated with exploitation and price manipulation, and leverage the improvements in GMX v2. This strategic move supports Radiant’s growth and strengthens the overall value of our ecosystem.

Specification:

Vote on whether Magpie should support the integration of gmBTC and gmETH as collateral within Radiant Capital’s Arbitrum deployment.

Please refer to RIP #9 for more details: https://snapshot.org/#/radpiexyz.eth/proposal/0xee6279f859e375532c4ca14c52cef88a2446766db1d8c9e2e2e8b557d337259d

Please refer to RFP-39 for more details: https://snapshot.org/#/radiantcapital.eth/proposal/0x8216d4b089c0e787ef383683b17ce2af026caa2bba986ddbddfa178094bf854b