closedEnded 4 years ago · Snapshot (Offchain)
QIP093: Add CAKE as Collateral for MAI.
By 0xAd95...268C27Continue Reading
CAKE is the governance token for PancakeSwap, the largest protocol on BNB Chain. The project holds a TVL of around $5bn. CAKE’s current market cap is $2.3Bn.
Adding CAKE would also add its derivatives.
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 CAKE collectively outweigh the option to not add CAKE.
- The option to not add CAKE receives more votes than any option to add CAKE.
Options
- Add CAKE at 130% min CDR
- Add CAKE at 135% min CDR
- Add CAKE at 140% min CDR
- Further discussions needed
*min CDR = minimum collateral to debt ratio
Connect Wallet to Add Note
0Votes 197
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xdb9d...913913 | 8.652M | Add CAKE at 130% min CDR |
 0x5D22...5a142D | 4.384M | Add CAKE at 130% min CDR |
 0x6523...456547 | 2.774M | Add CAKE at 135% min CDR |
 0x3404...97aBB4 | 2.08M | Add CAKE at 130% min CDR |
 0x1B3F...F10DB3 | 202,099 | Add CAKE at 135% min CDR |
VOTE POWER
0
Connect Wallet
Proposal Status
- Sun April 24 2022, 08:48 amVoting Period Starts
- Wed April 27 2022, 09:03 amEnd Voting Period
Current Results
1-Add CAKE at 130% min CDR
15.96M
2-Add CAKE at 135% min CDR
3.411M
3-Add CAKE at 140% min CDR
422,337.68