QIP191: Add ARB as Collateral for MAI

ARB is the ecosystem token for Arbitrum Network. The token’s utility is currently governance over Arbitrum and some liquidity mining on DEXs. It’s current market cap is $1.7Bn, with $1.4Bn in daily volume.

Since an interest rate is included, this QIP is intended for a listing on Manhattan Finance.

Vault specifications

• Collateral asset to be used: ARB
• Minimum collateral to debt ratio: 155%
• Interest rate: 2.5% (Fixed)
• Repayment fee: 0%
• Minimum debt: 10 MAI
• Maximum debt: 5M MAI
• Oracle provider: Chainlink
• Risk grading: B
• Risk methodology: https://mai.watch/en/assessments/arb-arbitrum

Motivation

Grow revenue and market share on Arbitrum Become one of the first use cases for ARB

Quorum Standards

The option with the most votes will be adopted.

Options

• Approve proposal
• Further discussions needed
• Abstain