QIP033: Add Beefy vault mooTokens as collateral for MAI
This proposal is to add Beefy vault tokens (mooTokens) as collateral for borrowing MAI.
Beefy vault tokens are received when users deposit tokens into Beefy strategies. For example, depositing DAI on Beefy gives users mooDAI as a receipt of deposit.
Tokens added would have to have underlying tokens that are already accepted as collateral. For example, if JOE is already accepted as collateral, then the protocol could add mooJOE as collateral.
Adding mooTokens as collateral would allow users to borrow against their mooTokens at 0% interest, while still earning yield from Beefy strategies.
Motivation
- One Lambo Per Qimp Initiative
- Enable stronger network effects
- Increase TVL
- Increase protocol revenue
Quorum Standards
The option with the most votes will be adopted.
Options
- Add Beefy vault tokens
- Do not add Beefy vault tokens
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xDe8a...8233A4 | 470,735 | Add Beefy vault tokens |
 0x8252...EBB066 | 361,348 | Add Beefy vault tokens |
 0xEf11...994234 | 241,988 | Add Beefy vault tokens |
 0x4127...Ad5bF6 | 241,841 | Add Beefy vault tokens |
 0x9965...6Fd279 | 236,921 | Add Beefy vault tokens |
VOTE POWER
Proposal Status
- Tue October 19 2021, 06:00 pmVoting Period Starts
- Thu October 21 2021, 06:00 pmEnd Voting Period
Current Results
1-Add Beefy vault tokens
2.894M
2-Do not add Beefy vault tokens
1,223.062