MIP #40 - Supporting USDe as Collateral on Radiant Capital

Abstract

This proposal seeks to gather votes from vlMGP holders on whether Magpie should support Radpie’s proposal to onboard USDe (Ethena’s synthetic dollar) as a full collateral and borrow market on Radiant Capital. Feedback from vlMGP holders will guide Magpie’s stance, ensuring alignment with our community's interests.

Motivation

Integrating USDe into Radiant Capital’s ecosystem enhances the platform's collateral and borrowing options, supporting the growth of its DeFi services. USDe’s positive market cap, liquidity, and volatility metrics make it a robust addition. Supporting this integration aligns with the strategic objectives of promoting a diverse and resilient financial ecosystem within Radiant Capital, thereby benefiting the Magpie ecosystem.

Specification

Vote on whether Magpie should support Radiant Capital’s proposal to integrate USDe as a full collateral and borrow market on Ethereum and Arbitrum.

For details, please read the original proposal from Radiant Capital RFP-40: https://dao.radiant.capital/#/proposal/0x533751448f6cd1d62fc24799fe07f061ce08152e6a970e128c63be7d3c1b9eff

Read the related RIP #10 proposal for details: https://snapshot.org/#/radpiexyz.eth/proposal/0x7fd7e2aa58595244821ee564953829811ab2a14896b194f26f97954352629d60