QIP148: Add yvLINK as Collateral for MAI
yvLINK is a receipt token for a LINK strategy on Yearn Finance. The strategy earns 2.79% APY, which comes from 88MPH.
At the time of writing, yvLINK has a TVL of $805,000 on Ethereum.
Proposed risk parameters
- 140% minimum collateral to debt ratio
- Minimum borrow: 10,000 MAI
- Maximum borrow per vault: 800,000 MAI
Motivation
- Grow TVL on Ethereum
- Increase revenue
- Strengthen relationship with Yearn
Quorum Standards
The option with the most votes will be adopted.
Options
- Add yvLINK as collateral
- Further discussions needed
Risk grading: C-
https://riskmanagement.qidao.community/en/tokens/yvlink-ethereum
Off-Chain Vote
Add yvLINK as collateral
5.74M QI99.9%
Further discussions needed
2.93K QI0.1%
Timeline
Aug 31, 2022Proposal created
Aug 31, 2022Proposal vote started
Sep 03, 2022Proposal vote ended
May 15, 2024Proposal updated