QIP127: Add Support for BeamShare Vaults on Manhattan Finance

Partnership details

BeamSwap vaults on Manhattan Finance will allow users to mint MAI against SHARE (staked GLINT) on Moonbeam at a fixed interest rate. BeamSwap will add vault creation and management to their UI.

In exchange for MAI support for GLINT, BeamSwap will introduce liquidity mining rewards for MAI LPs on their DEX.

GLINT: https://www.coingecko.com/en/coins/beamswap BeamSwap:https://beamswap.io/

Vault specifications

• Collateral assets to be used: GLINT
• Max. LTV: 40%
• Interest rate fee: 12% APR (Fixed)
• Oracle provider: Witnet
• Risk rating: C-
• Risk assessment: https://docs.google.com/spreadsheets/d/1RfoLzktkhIQNy-H_8dQGEW2uONeYaY0vPYm8daHFVv8/edit?usp=sharing

Motivation

• Expand in Moonbeam ecosystem
• 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