QIP088: Add GNO as Collateral for MAI
GNO is the governance token for Gnosis. It's current market cap is around $650M. Liquidity for GNO on Gnosis Chain is here: https://xdai.curve.fi/factory/0
Motivation
- Engage Gnosis's treasury committee
- Increase TVL
- Increase revenue
- Attract new users
Quorum Standards
The option with the most votes will be adopted.
A weighted average will be used to decide on the minimum CDR if the following conditions are met:
- The options to add GNO collectively outweigh the option to not add GNO.
- The option to not add GNO receives more votes than any option to add GNO.
Options
- Add GNO at 130% min CDR
- Add GNO at 135% min CDR
- Add GNO at 140% min CDR
- Further discussions needed
*min CDR = minimum collateral to debt ratio
Off-Chain Vote
Add GNO at 130% min CDR
5.68M QI51.7%
Add GNO at 135% min CDR
605.61K QI5.5%
Add GNO at 140% min CDR
4.7M QI42.7%
Further discussions needed
13.19K QI0.1%
Timeline
Apr 20, 2022Proposal created
Apr 20, 2022Proposal vote started
Apr 23, 2022Proposal vote ended
May 15, 2024Proposal updated