QIP128: Add Support for KSP Vaults on Manhattan Finance

Proposal details

KSP vaults on Manhattan Finance will allow users to mint MAI on Klaytn at a fixed interest rate. KSP is the governance token of Klayswap, the leading DEX on Klaytn.

KSP: https://www.coingecko.com/en/coins/klayswap-protocol Klaytn: https://klayswap.com/

Vault specifications

• Collateral assets to be used: KSP
• Max. LTV: 62.5%
• Interest rate fee: 3% APR (Fixed)
• Oracle provider: Witnet
• Risk grading: B-
• Risk assessment: https://docs.google.com/spreadsheets/d/1k7NQzP9FBowjtKmvRBDOo07TOeSRTue17fnqiKzC6_8/edit?usp=sharing

Motivation

• Enter Klaytn ecosystems
• Deepen partnership with Klayswap
• Introduce MAI to new audiences
• Increase revenue to QiDao
• Increase TVL

Quorum Standards

The option with the most votes will be adopted.

Options

• Approve proposal
• Further discussions needed