QIP157: Partner with QuickSwap on Lending Pools

Support QuickSwap's lending pools with MAI deposits from the DAO. After the initial deposit, it will be managed similar to debt ceiling increases, based on peg, asset liquidity, etc.

Proposal details

• MAI will be the only borrowable stable on both of the IB markets. QiDao seeding will have fixed interest rate models.
• Markets will be set up with Market xyz with future plans to migrate to Manhattan.
• Bug bounty is being launched. ONLY blue chip assets will be listed in the markets.
• QuickSwap wants MAI to become the number 1 DeFi stablecoin and believes in the protocol.
• Any changes made to the markets will be made in close discussion with QiDao.

Open market: Seed 50K MAI initially

Assets in this market:

BTC- 60% LTV ETH-60% LTV MATIC- 55% LTV SAND - 50% LTV GHST- 50% LTV jEURO- 65% LTV DAI- 75% LTV USDT- 75% LTV USDC- 75% LTV MAI- 75% LTV

IB Crypto Market: Seed 250k MAI initially

Fixed interest market

Assets in this market:

stMATIC- 55% LTV xMATIC- 55% LTV vGHST- 50% LTV dQUICK- 50% LTV aaveBTC- 60% LTV aaveETH- 60% LTV aaveMATIC- 55% LTV Beefy curve stMATIC/MATIC- 55% LTV Beefy curve ren/BTC- 60% LTV Beefy curve tricrypto curve- 65% LTV

IB Stable market: Seed 250k MAI initially

Fixed interest market

Assets in this market:

Beefy curve(USDC, DAI, USDT)- 75% LTV aaveUSDC- 75% LTV aaveUSDT- 75% LTV aaveDAI- 75% LTV CurveAAVE 3usd- 75% LTV Curve Tusd pool- 75% LTV

Motivation

• Increase revenue for QiDao
• Introduce MAI to new users- QuickSwap will host QiDao Ads for all its users. (10-15K DAU)
• Expand protocol TVL
• Strengthen relationship between QuickSwap and QiDao
• Strong support from QuickSwap on ALL new products.
• Pushing MAI to be the main stable coin used on: -Margin exchange, routing all trades through MAI. -Will begin pushing protocols to LP with MAI. -Ads worth $4-$20K per month. 1.5 million monthly website views. -Promoting MAI as the premier stable coin. -LP rewards. Launching V3 LP rewards for: BTC, ETH, MATIC, other stables with MAI.

Quorum Standards

The option with the most votes will be adopted.

Options

• Seed QuickSwap lending markets
• Further discussions needed

Note: these markets are not owned or maintained by QiDao.