closedEnded 4 years ago · Snapshot (Offchain)
QIP117: Add OP as Collateral for MAI
By 0xAd95...268C27Continue Reading
OP is the governance token of Optimism (an L2 chain on top of Ethereum). It currently has a market cap of $116M, with $61M of 24hr volume.
OP has around $5M of onchain liquidity (Optimism), mainly on Uniswap V3.
Proposed risk parameters
- 155% minimum collateral to debt ratio
- Minimum borrow: $10
- Maximum borrow per vault: $500,000
Motivation
- Gain first mover advantage as first collateral use case of OP
- Increase revenue
- Strengthen relationship with Optimism
Quorum Standards
The option with the most votes will be adopted.
Options
- Add OP as collateral
- Further discussions needed
Risk grading: C+
https://docs.google.com/spreadsheets/d/1LhpMiafBa779D_56NIH5lN1ugAaBnvPticoFA01hv6g/edit?usp=sharing
Connect Wallet to Add Note
0Votes 125
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x5D22...5a142D | 4.576M | Add OP as collateral |
 0x6523...456547 | 2.726M | Add OP as collateral |
 0x329c...543eD4 | 1.213M | Add OP as collateral |
 0x94A4...1134Be | 627,525 | Add OP as collateral |
 0xEf11...994234 | 249,787 | Add OP as collateral |
VOTE POWER
0
Connect Wallet
Proposal Status
- Mon July 04 2022, 07:07 pmVoting Period Starts
- Thu July 07 2022, 05:00 pmEnd Voting Period
Current Results
1-Add OP as collateral
10.657M
2-Further discussions needed
31,760.317