MIP #1 - Add LINK Token to MCL

Add LINK as collateral for borrowing and lending on MCL.

Voting Period: 5 Days

Risk Parameters: Use as Collateral: Yes LTV: 65%

Does Chainlink support the suggested Token? Yes LINK/BNB: https://docs.chain.link/docs/binance-smart-chain-addresses

Background Chainlink is a tokenized oracle network that provides price and events data collected from on-chain and real-world sources. Launched in 2017 by Sergey Nazarov, Chainlink aims to offer a solution to the “oracle problem,” or the ability to get the off-chain data needed to operate many blockchain-based smart contracts. The token incentivizes participants to provide and use this data. Chainlink does not operate its own blockchain. Instead, the token protocol is blockchain agnostic and can run on many different blockchains simultaneously.

LINK Key Facts Token Symbols: LINK Market Cap : $11,489,707,963 Daily Volume: $925,994,771 Holders on BSC: 14,149 addresses Circulation in BSC: 7,000,000 Link https://www.coingecko.com/en/coins/chainlink https://coinmarketcap.com/currencies/chainlink/ Token Address on BSC: https://bscscan.com/token/0xf8a0bf9cf54bb92f17374d9e9a321e6a111a51bd

BENEFITS FOR MCL Binance Smart Chain already hosts several live Chainlink Price Feeds that developers can integrate into their decentralized application today to trigger key DeFi functions like checking stablecoin collateralization, pricing synthetic assets, issuing fair market loans, settling derivatives contracts, and verifying the reserves of cross-chain assets. Multiplier has integrated Chainlink Oracles to secure its lending operations on BSC. LINK used as collateral on MCL would provide additional TVL and users as LINK holders could come to MCL to collateralize their assets.