Proposal to add ENS
Proposal to add ENS as a capped collateral to Interest Protocol.
Overview
The ENS token is the governance token to the Ethereum Name Service. ENS holders can engage in protocol governance by delegating their voting power to their address or an address of their choosing.
The proposed parameters and cap are purposely very conservative. After the initial listing, a subsequent proposal could increase the cap.
Parameters
Token Address: 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72 LTV: 70% Liquidation incentive: 10% Cap: 400k Oracle Address: Anchor View Relay Primary oracle: Chainlink Oracle Relay ENS/USD Secondary oracle: Uniswap v3 Relay ETH/ENS Price Deviation: 25% Capped ENS
Liquidity
MCAP: $320m Uniswap v3 liquidity: $3.86m Coingecko 7-day avg 24hr volume: $45m Notable exchanges: Binance, Okex, FTX, Huobi Total supply: 100m
Technical risks
- Type of contract: ERC20 governance token
- Underlying asset: governance token
- Time: +300 days - Nov 1, 2021
- Value: control of the ENS protocol
- Privileges: the owner of the contract is the ENS Timelock contract (2 days).
- The owner can transfer ownership of the contract
- setMerkleRoot
- mint ENS (up to 2M ENS a year)
- Upgradability: None
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9AC6...e1e6D0 | 135,600 | FOR |
 0xFaa6...5AA961 | 0.00 | AGAINST |
 0xF306...d14731 | 0.00 | FOR |
 mozuku | 0.00 | FOR |
 0x31dB...0421c2 | 0.00 | FOR |
VOTE POWER
Proposal Status
- Sat September 17 2022, 06:41 pmVoting Period Starts
- Fri September 23 2022, 10:32 amEnd Voting Period
- Fri September 23 2022, 03:59 pmQueue Proposal
- Sun September 25 2022, 10:50 pmExecute Proposal
Current Results
1-FOR
135,600.4
3-ABSTAIN
N/A Tokens