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Qi Dao | Mai.Finance

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Qi Dao | Mai.Finance

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closedEnded 4 years ago ยท Snapshot (Offchain)

QIP103: Add xBOO as Collateral for MAI

By 0xAd95...268C27

xBOO is the staked version of BOO, SpookySwapโ€™s governance token. Adding xBOO would allow users to earn SpookySwap fees while borrowing against BOOโ€™s value.

At the time of writing, there was $21M locked in xBOO.

Motivation

  • grow relationship with SpookySwap
  • increase protocol revenue
  • increase TVL

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 xBOO collectively outweigh the option to not add xBOO.
  • The option to not add xBOO receives more votes than any option to add xBOO.

Options

  • Add xBOO at 145% min CDR
  • Add xBOO at 150% min CDR
  • Add xBOO at 155% min CDR
  • Further discussions needed
Continue Reading
Connect Wallet to Add Note
0
Votes 121
VoterCast PowerVote & Rationale
0x6523...456547
2.794M

Add xBOO at 155% min CDR

0x3824...AEf659
726,460

Add xBOO at 155% min CDR

0xF826...E36729
303,675

Add xBOO at 145% min CDR

0xEf11...994234
246,291

Add xBOO at 155% min CDR

0x4127...Ad5bF6
234,932

Add xBOO at 145% min CDR

SHOW MORE
VOTE POWER
0
Connect Wallet
Proposal Status
  • Mon May 16 2022, 04:03 pmVoting Period Starts
  • Thu May 19 2022, 04:00 pmEnd Voting Period
Current Results

1-Add xBOO at 155% min CDR

4.287M

73.15%

2-Add xBOO at 145% min CDR

1.333M

22.74%

3-Further discussions needed

124,458.912

2.12%
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