PIP-82 - Allow the use of JPGD as collateral
Abstract
This proposal aims to allow the use of JPGD as a collateral to mint pETH.
Like for other CDP vaults, the ceiling and rates would be managed by the team.
Background
Using JPGD as collateral on JPEG’d has been a feature long asked for. With the migration of JPEG to JPGD, it is now possible to use JPGD as collateral.
The JPGD vault would be the similar as the one used for the CDP model. It would include a vault ceiling for limiting risk, a max LTV, and a similar liquidation mechanism. Opening this vault will open the citadel yield opportunity to token holders.
Specification
- Open a CDP vault allowing to borrow pETH using JPGD as collateral
- Set an initial vault ceiling of 300 pETH
- Set the max LTV at 30% with liquidation at 40%
- Set the initial borrow rate at 10%
- Allow the team to manage the vault ceiling and the interest rates
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1Ddb...1253Bc | 915.909M | Yes, allow JPGD as a collateral |
 0xE470...dAC46D | 475.076M | Yes, allow JPGD as a collateral |
 0x2797...93559D | 385.138M | Yes, allow JPGD as a collateral |
 0x025F...F1f799 | 309.062M | Yes, allow JPGD as a collateral |
 0xbE6C...84a7a4 | 46.052M | Yes, allow JPGD as a collateral |
VOTE POWER
Proposal Status
- Fri February 02 2024, 12:31 pmVoting Period Starts
- Mon February 05 2024, 12:31 pmEnd Voting Period
Current Results
1-Yes, allow JPGD as a collateral
2.134B
2-No, do nothing
114,601.718