AIP #16: Add an $APE Cauldron
TL;DR: Add a new market using $APE (in the form of $magicAPE) as collateral.
Initial Interest: 18% Borrow Fee: 0% MCR: 70% Liquidation Fee: 7.5% Initial top up of 3m $MIMs, with the possibility of scaling up to 7m depending on volumes and liquidity.
Note: this market will accept magicAPE tokens as collateral. magicAPE is Abracadabra’s in-house $APE auto compounder, read more about magicAPE below!
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0x9365...4efE35 | 2.05B | Yes, add a magicAPE cauldron |
0x350D...E3680B | 563.405M | Yes, add a magicAPE cauldron |
0x5E49...deF044 | 130.49M | Yes, add a magicAPE cauldron |
0xAE2A...35cae5 | 64.093M | Yes, add a magicAPE cauldron |
0x3B31...d23FF4 | 58.726M | No, dont add a magicAPE cauldron |
VOTE POWER
Proposal Status
- Tue February 14 2023, 03:00 pmVoting Period Starts
- Thu February 16 2023, 03:00 pmEnd Voting Period
Current Results
1-Yes, add a magicAPE cauldron
2.87B
2-No, dont add a magicAPE cauldron
62.172M
