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Title: [ARFC] Add MAI to Optimism Aave V3 pool Author: @marczeller - Aave-Chan Initiative Date: 2023-04-13

Summary

This proposal presents Aave with the opportunity to onboard MAI to the Optimism Aave V3 Market.

Abstract

MAI is a decentralized stablecoin minted by the Qidao Protocol. For more details about MAI, please refer to Qidao’s official website.

Motivation

Supporting stablecoin diversity is part of the Aave-Chan Initiative (ACI) delegate platform. The risk parameters provided are the same as those adopted on the Polygon PoS Aave V3 Pool.

The newly proposed risk parameters replicating the MAI parameters on Polygon V3 pool are merely suggestions to start the conversation. The ACI is inviting Risk Service Providers to provide feedback on them.

Specification

Ticker: MAI Contract Address: 0xdFA46478F9e5EA86d57387849598dbFB2e964b02

Risk Parameter	Value
Isolation Mode	YES
Enable Borrow	YES
Enable Collateral	NO
Loan To Value	75%
Liquidation Threshold	80%
Liquidation Bonus	5%
Reserve Factor	20%
Liquidation Protocol Fee	10%
Borrow Cap	1,200k
Supply Cap	2,200k
Debt Ceiling	2,000k
Base	0%
Slope1	4%
Uoptimal	80%
Slope2	75%

Disclaimer

The ACI is not affiliated with Qidao or any other entity and has not received payment to present this ARFC.

At the time of writing, the author (@marczeller) owns QI & vQI, the native asset of the Qidao Protocol, for ~50k$. The author was not paid to publish this ARFC.

Next Steps

1. If consensus is reached, submit an Aave Improvement Proposal (AIP) to onboard MAI on the Optimism Aave V3 pool.

Copyright

Copyright and related rights waived via CC0.