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Qi Dao | Mai.FinanceQi Dao | Mai.Financeby0xAd95A5fE898679B927C266eB2eDfAbC7fe268C27qidao.lens

QIP079: Add yvYFI as collateral for MAI.

Voting ended almost 4 years agoSucceeded

Add Yearn vault YFI as collateral for MAI.

yvYFI is an interest-bearing form of YFI (the governance token for Yearn Finance). There is $17.5M locked in yvYFI on Fantom. Liquidity for YFI on Fantom stands at around $14M, mostly on Solidly.

Motivation

  • Increase TVL
  • Increase revenue
  • Attract new users

Quorum Standards

The option with the most votes will be adopted.

A weighted average will be used to decide on the minimum CDR if the following conditions are met:

  • The options to add yvYFI collectively outweigh the option to not add yvYFI.
  • The option to not add yvYFI tokens receives more votes than any option to add yvYFI.

Options

Add yvYFI at 130% min CDR Add yvYFI at 135% min CDR Add yvYFI at 140% min CDR Further discussions needed

*min CDR = minimum collateral to debt ratio

Off-Chain Vote

Add yvYFI at 130% min CDR
2.5M 38.6%
Add yvYFI at 135% min CDR
3.82M 59.1%
Add yvYFI at 140% min CDR
130.45K 2%
Further discussions needed
15.82K 0.2%
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Timeline

Mar 26, 2022Proposal created
Mar 26, 2022Proposal vote started
Mar 29, 2022Proposal vote ended
May 15, 2024Proposal updated