QIP158: Update Risk Parameters on WGLMR Vaults

Proposal

Decrease minimum collateral to debt ratio (min. CDR) and reduce interest on Moonbeam WGLMR Vaults to make them competitive and reflect current risk levels

MAI Adoption on Moonbeam

Despite being in place for several months, MAI borrowing has yet to gain much traction on Moonbeam. TVL on the WGLMR vault is at $16k. The issue is two-fold: users don't feel they can out earn the 8% interest rate, and the CDR of 250% is not competitive with what other platforms offer.

Proposed Changes

1 - decrease the min. CDR to 150%. This is a conservative min. CDR, based on the risk matrixes for comparable chains Metis (155) and Moonriver (130) which both also score "B-" 2 - Replace the 8% interest rate with a 1% interest rate, to reflect the reduced risk since launch and keep the rate competitive

Risk Analyses

• Moonbeam Risk Matrix: https://riskmanagement.qidao.community/en/tokens/wglmr-moonbeam
• Metis Risk Matrix - https://riskmanagement.qidao.community/en/tokens/metis-metis
• MOVR Risk Matrix - https://riskmanagement.qidao.community/en/tokens/movr-moonriver

Quorum Standards

The option with the most votes will be adopted.

Options

• Accept proposal
• Further discussions needed