QIP194: Add New Minting Options For Approved Assets

This proposal seeks to approve new minting options for existing assets on QiDao.

ETH, BTC, and WMATIC debt ceilings on all of QiDao’s deployments have remained at or near 0 for months. This points to high demand to borrow against these assets. Current lending options for these assets at QiDao are constrained to the classic 0% interest vaults, with 0.5% repayment fees. Since these vaults cannot be charged a performance fee, they are not profitable for the DAO.

Proposal specifications

• Vaults will keep their existing risk parameters (minimum CDR, maxDebt, and minDebt)
• The only fee for these vaults will be a 3% interest rate fee. No repayment fee will be charged
• Assets to be approved for this minting option: ETH, WBTC, WMATIC, stETH, cbETH

Motivation

• Reach new segment of the borrowing market
• Grow TVL while maintaining profitability

Quorum Standard

The option with the most votes will be approved.

Options

• Approve proposal
• Further discussions needed
• Abstain