MIP #71 - Supporting the Addition of USDF and asUSDF as Collateral in ListaDAO’s Innovation Zone

Abstract

This proposal seeks to gather votes from vlMGP holders on whether Magpie should support Listapie’s LIP #01. It aims to endorse ListaDAO’s proposal to introduce USDF and asUSDF as collateral assets in the Innovation Zone. The addition of these assets is expected to expand borrowing options, improve capital efficiency, and ensure responsible risk management. The feedback from vlMGP holders will determine Magpie’s stance on this matter.

Motivation

Magpie is committed to engaging vlMGP holders in governance decisions that impact its SubDAOs. Supporting LIP #01 aligns with Magpie’s strategy of optimizing capital efficiency and risk-adjusted growth across its ecosystem. The key motivations for this proposal include:

• Expanding Borrowing Options: Adding USDF and asUSDF provides more stablecoin collateral choices, enhancing borrowing flexibility for users.
• Enhancing Capital Efficiency: asUSDF allows users to borrow against a yield-bearing asset, maximizing capital utilization within ListaDAO.
• Risk-Controlled Expansion: The proposed minimum collateralization ratio (MCR) of 120% and a borrow limit of 1,000,000 lisUSD per asset ensure a balanced risk approach.

By approving this proposal, Magpie will contribute to the strategic expansion of ListaDAO’s borrowing ecosystem while safeguarding user interests.

Specification

Vote on whether Magpie should back ListaDAO’s proposal for adding USDF and asUSDF as collateral assets in the Innovation Zone under the proposed parameters.

For more details, refer to the original proposal: https://snapshot.box/#/s:listavote.eth/proposal/0xe19d0065f0c1154b3f90a817d30eaa3978304c8704ed9e1fc6c5d11c17600c69