QIP123: Add Support for KLAY Vaults on Manhattan Finance.
Proposal details
KLAY vaults on Manhattan Finance will allow users to mint MAI on Klaytn at a fixed interest rate. KLAY is the gas token for Klaytn.
KLAY: https://www.coingecko.com/en/coins/klaytn Klaytn: https://klaytn.foundation/
Vault specifications
- Collateral assets to be used: KLAY
- Max. LTV: 66.67%
- Interest rate fee: 1% APR (Fixed)
- Oracle provider: Witnet
- Risk grading: B+
- Risk assessment: https://docs.google.com/spreadsheets/d/1Mp3zgshW95G8xRE3tPzD39uKOOoadPtJXSEIkVk4orQ/edit?usp=sharing
Motivation
- Enter Klaytn ecosystems
- 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
Off-Chain Vote
Approve proposal
4.84M QI99.2%
Further discussions needed
38.21K QI0.8%
Timeline
Jul 15, 2022Proposal created
Jul 15, 2022Proposal vote started
Jul 18, 2022Proposal vote ended
May 15, 2024Proposal updated