QIP151: Add yvETH as Collateral for MAI
yvETH is a receipt token for an ETH strategy on Yearn Finance. The strategy earns 0.37% APY, which comes from both Lido and Alpha Homora.
At the time of writing, yvETH has a TVL of $92M on Ethereum.
Proposed risk parameters
- 125% minimum collateral to debt ratio
- Minimum borrow: 10,000 MAI
- Maximum borrow per vault: 20M MAI
Motivation
- Grow TVL on Ethereum
- Increase revenue
- Strengthen relationship with Yearn
Quorum Standards
The option with the most votes will be adopted.
Options
- Add yvETH as collateral
- Further discussions needed
Risk grading: C+
https://riskmanagement.qidao.community/en/tokens/yveth-ethereum
Off-Chain Vote
Add yvETH as Collateral for MAI
3.62M QI98.9%
Further discussions needed
39.29K QI1.1%
Timeline
Sep 03, 2022Proposal created
Sep 03, 2022Proposal vote started
Sep 06, 2022Proposal vote ended
May 15, 2024Proposal updated