QIP175: Add stETH as collateral for MAI

There are currently 7,729 wstETH tokens on Optimism, a total of $9M. Current APY for stETH is 8.5%. stETH is a liquid staking solution from Lido (https://lido.fi/).

Fees

QiDao will implement an optional 0-10% performance fee on the APR of this strategy when used as collateral.

Proposed risk parameters

130% minimum collateral to debt ratio Minimum borrow: 10 MAI Maximum borrow per vault: 500,000 MAI

Motivation

Grow TVL on Optimism Increase revenue Strengthen relationship with Lido

Quorum Standards

The option with the most votes will be adopted.

Options

Add stETH as collateral Further discussions needed

Risk analysis: https://riskmanagement.qidao.community/en/tokens/steth-ethereum