Proposal to add LINK
Proposal to add LINK as an capped collateral to Interest Protocol.
Overview
LINK is an ERC20 token issued in 2017 for the purpose of paying oracle node operators. Today its main use is as collateral and a speculative asset in DeFi.
Parameters
Token Address: 0x514910771AF9Ca656af840dff83E8264EcF986CA Capped Token address: 0x5F39aD3df3eD9Cf383EeEE45218c33dA86479165 LTV: 75% Liquidation incentive: 7.5% Cap: 375,000 (~$3,000,000) Primary Oracle Address: Chainlink Secondary Oracle Address: Uniswap v3 Price deviation: 10%
Liquidity
Market Cap: $4,131,119,368 Liquidity: $13,000,000 (Uniswap V3 LINK-ETH) Volatility: Coingecko 7-day avg 24hr volume: $361,000,000 Notable exchanges: Coinbase, Binance, Kraken, Gemini, OKEx, Uniswap
Technical risks
Type of contract: ERC20 Underlying asset: N/A Time: Deployed September 16, 2017 Value: Utility token for the Chainlink Network Privileges: None Upgradability: None Supplemental Information: N/A
Relevant References
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x5fee...c86558 | 1.587M | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 1.5M | FOR |
 0x95Bc...21ab6F | 364,705 | FOR |
 0x3Df7...5F9908 | 300,000 | FOR |
 DAOplomats | 100,000 | FOR |
VOTE POWER
Proposal Status
- Wed April 26 2023, 02:52 pmVoting Period Starts
- Tue May 02 2023, 06:53 amEnd Voting Period
- Wed May 03 2023, 06:02 pmQueue Proposal
- Mon May 08 2023, 08:09 pmExecute Proposal
Current Results
1-FOR
3.852M
2-ABSTAIN
80,376.94
3-AGAINST
N/A Tokens