QIP196: Add LDO as Collateral for MAI

LDO is the governance token for Lido Finance. Its market cap is currently around $1.6Bn.

LDO token: https://www.coingecko.com/en/coins/lido-dao

Vault specifications

• Collateral asset to be used: LDO
• Minimum collateral to debt ratio: 130%
• Minimum debt: 10,000 MAI
• Maximum debt: 10M MAI
• Interest rate: 4% APR (fixed)
• Repayment fee: 0%
• Oracle provider: Chainlink
• Risk grading: B+
• Risk methodology: https://docs.google.com/spreadsheets/d/10ruz5swkaFT8JHE7XVG6YGJfCcRlKhOPyXznRYYXE0g/edit?usp=sharing

Motivation

• Support Lido Finance with new financing options
• Grow revenue and market share on Ethereum
• Introduce new audiences to QiDao

Quorum Standards

The option with the most votes will be adopted.

Options

• Approve proposal
• Further discussions needed
• Abstain