QIP102: Add yvUSDC as Collateral for MAI

yvUSDC (Yearn Vault USDC) is a USDC strategy on Yearn Finance. It earns yield from Iron Bank.

At the time of writing, there was $13M locked in yvUSDC. There are no major use cases for yvUSDC on Fantom.

Motivation

• grow relationship with Yearn
• increase protocol revenue
• increase TVL

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 yvUSDC collectively outweigh the option to not add yvUSDC.
• The option to not add yvUSDC receives more votes than any option to add yvUSDC.

Options

• Add yvUSDC at 110% min CDR
• Add yvUSDC at 115% min CDR
• Add yvUSDC at 120% min CDR
• Further discussions needed

min CDR = minimum collateral to debt ratio