QIP152: Add KNC as Collateral for MAI

KNC is the governance token for KyberSwap, a DEX present on multiple chains.

Proposed Risk Parameters

• 140% minimum collateral to debt ratio
• Minimum borrow: 10 MAI
• Maximum borrow per vault: 100,000 MAI

Motivation

• KyberSwap has begun liquidity mining campaigns for MAI. It has also added MAI as one of their default tokens.
• Deepen relationship with KyberSwap
• Expand partnerships on Polygon
• Increase TVL on Polygon
• KyberSwap is considering adding KNC borrow incentives for MAI

Quorum Standards

The option with the most votes will be adopted.

Options

• Add KNC as collateral
• Further discussions needed

Risk grading: B-

https://riskmanagement.qidao.community/en/tokens/knc-polygon