closedEnded 4 years ago · Snapshot (Offchain)
QIP135: Add Support for MaticX Vaults on Manhattan Finance
By 0xAd95...268C27Continue Reading
Partnership details
MaticX vaults on Manhattan Finance will allow users to mint MAI against MaticX at a fixed interest rate. MaticX is a liquid staking form of MATIC produced by Stader Labs.
MaticX: https://www.coingecko.com/en/coins/stader-maticx Stader Labs: https://polygon.staderlabs.com/liquid-staking/maticx
In exchange for listing MaticX as collateral for MAI, Stader will incentivize MAI liquidity with $20,000 per month (MaticX-MAI pair) for 2 months.
Vault specifications
- Collateral assets to be used: MaticX
- Max. LTV: 74%
- Interest rate fee: 1% APR (Fixed)
- Oracle provider: Chainlink
- Risk grading: C
- https://docs.google.com/spreadsheets/d/1nagXgDQjhzqT0dTIagPc9S6ijs6hKFrau19MRK0DwZI/edit?usp=sharing
Motivation
- Grow partnerships on Polygon
- Introduce MAI to new audiences
- Increase revenue to QiDao
- Increase TVL
Quorum Standards
The option with the most votes will be adopted.
Options
- Approve proposal
- Further discussions needed
Connect Wallet to Add Note
0Votes 62
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8252...EBB066 | 6.156M | Approve proposal |
 0x6523...456547 | 2.688M | Approve proposal |
 0xEf11...994234 | 254,726 | Approve proposal |
 0x9eF0...D69444 | 190,709 | Approve proposal |
 0x4E74...c73196 | 153,827 | Approve proposal |
VOTE POWER
0
Connect Wallet
Proposal Status
- Sat August 06 2022, 03:26 amVoting Period Starts
- Mon August 08 2022, 05:00 pmEnd Voting Period
Current Results
1-Approve proposal
9.878M
2-Further discussions needed
28,480.483