QIP122: Add Support for KAVA Vaults on Manhattan Finance

Proposal details

KAVA vaults on Manhattan Finance will allow users to mint MAI on Kava Network at a fixed interest rate. KAVA is the gas token for Kava Network.

KAVA: https://www.coingecko.com/en/coins/kava Kava Network: https://www.kava.io/

Vault specifications

• Collateral assets to be used: KAVA
• Max. LTV: 66.67%
• Interest rate fee: 1% APR (Fixed)
• Oracle provider: Witnet
• Risk grading: B+
• Risk assessment: https://docs.google.com/spreadsheets/d/1EQHHYR9UhLXlXIXKCHqhwClY1mZ7BMsSxJ5xk0i1kbk/edit?usp=sharing

Motivation

• Enter Kava and Cosmos ecosystems
• Introduce MAI to new audiences
• Increase revenue to QiDao
• Increase TVL

Quorum Standards

The option with the most votes will be adopted.

Options

• Approve proposal
• Further discussions needed