QIP079: Add yvYFI as collateral for MAI.
Add Yearn vault YFI as collateral for MAI.
yvYFI is an interest-bearing form of YFI (the governance token for Yearn Finance). There is $17.5M locked in yvYFI on Fantom. Liquidity for YFI on Fantom stands at around $14M, mostly on Solidly.
Motivation
- Increase TVL
- Increase revenue
- Attract new users
Quorum Standards
The option with the most votes will be adopted.
A weighted average will be used to decide on the minimum CDR if the following conditions are met:
- The options to add yvYFI collectively outweigh the option to not add yvYFI.
- The option to not add yvYFI tokens receives more votes than any option to add yvYFI.
Options
Add yvYFI at 130% min CDR Add yvYFI at 135% min CDR Add yvYFI at 140% min CDR Further discussions needed
*min CDR = minimum collateral to debt ratio
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x6523...456547 | 2.696M | Add yvYFI at 135% min CDR |
 0x80B3...3E6e1d | 2.07M | Add yvYFI at 130% min CDR |
 0x639A...E827cc | 556,690 | Add yvYFI at 135% min CDR |
 0xEf11...994234 | 245,227 | Add yvYFI at 135% min CDR |
 0x8c0a...78039b | 97,344 | Add yvYFI at 130% min CDR |
VOTE POWER
Proposal Status
- Sat March 26 2022, 06:54 pmVoting Period Starts
- Tue March 29 2022, 08:00 amEnd Voting Period
Current Results
1-Add yvYFI at 135% min CDR
3.822M
2-Add yvYFI at 130% min CDR
2.5M
3-Add yvYFI at 140% min CDR
130,453.857