Proposal to add YFI
Proposal to add YFI as an capped collateral to Interest Protocol.
Overview
YFI is the governance token of Yearn Finance.
Parameters
Token Address: 0x0bc529c00C6401aEF6D220BE8C6Ea1667F6Ad93e Capped Token address: 0xe2C1d2E7aA4008081CAAFc350A040246b9EBB579 LTV: 70% Liquidation incentive: 10% Cap: 353 (~$3,000,000) Primary Oracle Address: Chainlink Secondary Oracle Address: Uniswap v3 Price deviation: 10%
Liquidity
Market Cap: $311,800,000 Liquidity: $4,500,000 (Uniswap V3 YFI-WETH) Coingecko 7-day avg 24hr volume: $40,400,000 Notable exchanges: Coinbase, Binance, Kraken, Gemini, Balancer, Uniswap
Technical risks
Type of contract: ERC20 Underlying asset: N/A Time: Deployed July 17, 2020 Value: Governance token for Yearn Finance Privileges: The contract owner, Yearn Timelock Goverance, has the ability to call the below functions. The Yearn Timelock Goverance contract is controlled by a 6/9 multisig.
- addMinter
- mint
- removeMinter
- setGovernance 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 | ABSTAIN |
VOTE POWER
Proposal Status
- Wed April 26 2023, 03:04 pmVoting Period Starts
- Tue May 02 2023, 07:05 amEnd Voting Period
- Wed May 03 2023, 06:07 pmQueue Proposal
- Mon May 08 2023, 08:09 pmExecute Proposal
Current Results
1-FOR
3.833M
2-ABSTAIN
100,000
3-AGAINST
N/A Tokens