AIP #58 - Add a $ZRO cauldron on Arbitrum
Following the successful integration of various tokens in the cauldron lineup, the next proposed addition is $ZRO tokens. This would allow Abracadabra to further expand its DeFi offerings, capitalizing on strong borrow demand for $ZRO holders. The proposed terms aim to ensure a safe and profitable lending environment while mitigating risk. Because of Oracle availability, the cauldron is proposed to be launched on Arbitrum.
ZRO cauldron aligns once more Abracadabra and LayerZero, bringing forward Abracadabra as one of the leading apps on the Layer Zero ecosystem.
Cauldron Parameters: Interest Rate: 9% Borrow Fee: 1% Minimum Collateralization Ratio (MCR): 80% Liquidation Fee: 6%
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x350D...E3680B | 3.084B | Yes, Add the cauldron |
 0x9365...4efE35 | 2.801B | Yes, Add the cauldron |
 0x577B...18b1Cc | 78.868M | Yes, Add the cauldron |
 0xe2Ba...d8Ea69 | 10.342M | Yes, Add the cauldron |
 0x998f...967373 | 1.951M | Yes, Add the cauldron |
VOTE POWER
Proposal Status
- Wed October 30 2024, 03:00 pmVoting Period Starts
- Sat November 02 2024, 03:00 pmEnd Voting Period
Current Results
1-Yes, Add the cauldron
5.976B