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Sonne FinanceSonne Financeby0xD352660819E36740df1898387E65CC0104Eb6f67alkhara.eth

Sonne Improvement Proposal 3 : Add Chainlink Token (LINK) market on Sonne Finance

Voting ended about 3 years agoSucceeded

Chainlink is a trust-minimized Web3 services platform that secures 10s of billions of dollars in DeFi.

For liquidity markets to achieve more, there is a need for volatile markets. The more riskier the asset is, the more profit the protocol's going to make.

But as you might know, we don't have treasury to pay in case of bad debt.

LINK has a solid product offering and years of credibility supporting its name. With their shift to Economics 2

LINK liquidity on Optimism is around $1M for now. The liquidity probably won't be an issue for liquidations.

Collateral factor : 60% Reserve factor : 18% Interest rate curve : Medium volatility curve (similar to wBTC) Will be incentivized : Yes

"YES" means supporting LINK market on Sonne. "NO" means rejecting the proposal. "Abstain" means you don't support neither reject the proposal.

Off-Chain Vote

Yes
141.41K SONNE6.9%
No
1.9M SONNE92.9%
Abstain
2.82K SONNE0.1%
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Timeline

Mar 01, 2023Proposal created
Mar 01, 2023Proposal vote started
Mar 04, 2023Proposal vote ended
Oct 26, 2023Proposal updated