QIP094: Add Support for GLMR Lending

Proposal

Add Support for GLMR (Moonbeam's gas token) Vaults.

GLMR Vaults

Manhattan Finance and top Moonbeam DEXs wish to create GLMR vault lending for MAI on Moonbeam. Vaults will allow users to mint MAI at a fixed interest rate against approved assets. This proposal seeks approval for GLMR.

GLMR: https://www.coingecko.com/en/coins/moonbeam Moonbeam: https://defillama.com/chain/Moonbeam

Vault specifications

• Collateral assets to be used: GLMR
• Max. LTV: 40%
• Interest rate fee: 8% APR (Fixed)
• Oracle provider: Witnet

Motivation

• Enter Moonbeam ecosystem
• 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