QIP121: Add METIS as Collateral for MAI

METIS is the governance token for Metis Chain and has a market cap of $101,722,385 at the time of writing.

Proposed risk parameters

• 155% minimum collateral to debt ratio
• Minimum borrow: $10
• Maximum borrow per vault: $500,000

Motivation

• Gain first mover advantage as first major collateral use case of METIS
• Increase revenue
• Strengthen relationship with Metis

Quorum Standards

The option with the most votes will be adopted.

Options

• Add METIS as collateral
• Further discussions needed

Risk grading: C+

https://docs.google.com/spreadsheets/d/16WiTlhBnTqFsTzqmqV-vzVsbWz88X2rZzPns4lVtUps/edit?usp=sharing