QIP166: Add MAI-DAI Arrakis Vaults as Collateral for MAI
MAI liquidity has been a recurring blocker for increasing debt ceilings and growing QiDao’s TVL. Given the 0% interest model of MAI loans, it is difficult to grow liquidity for MAI under conventional liquidity mining methods.
MakerDAO previously added DAI-USDC LPs as collateral for DAI via Arrakis Uni V3 positions. This has created over $1bn in liquidity for DAI LPs that are not incentivized. That amounts to sizable savings in liquidity mining for DAI liquidity. Link to MakerDAO vaults: https://oasis.app/asset/dai#earn.
This proposal seeks to follow a similar path as MakerDAO, but on Polygon.
MAI LP Specifications
- MAI-DAI LPs
- Uniswap V3 positions managed by Arrakis
- 0.01% and 0.05% fee tiers
Risk Parameters
- minimum collateral to debt ratio: 102%
- min debt: 10 MAI
- max debt: 50M MAI
Quorum Standards
The option with the most votes will be adopted.
Options
- Accept proposal
- Further discussions needed
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8252...EBB066 | 5.985M | Approve proposal |
 0x6523...456547 | 2.579M | Approve proposal |
 0x9A20...7a1716 | 983,173 | Approve proposal |
 0xF826...E36729 | 354,614 | Approve proposal |
 0xE84A...117B97 | 209,422 | Approve proposal |
VOTE POWER
Proposal Status
- Tue October 18 2022, 07:32 pmVoting Period Starts
- Fri October 21 2022, 11:00 pmEnd Voting Period
Current Results
1-Approve proposal
11.309M
2-Further discussions needed
27,841.702