QIP 005: Adding amTokens as collateral for minting miMatic
Summary
This proposal is for the addition of amTokens to be accepted as collateral for miMatic stablecoins.
amTokens are received when users lend out tokens on Aave Polygon. These tokens serve as proof of ownership for the tokens lent out and earn a continuous return.
The Protocol would offer an option for users to automatically compound their amToken rewards (Matic) so that the value of their collateral increases as users earn rewards. This would remove the need to manually claim rewards.
Motivation
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Allow users to earn interest on the collateral in their vaults, increasing the protocol’s capital efficiency
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Tap into the around $21 billion market on Aave, that could be simultaneously used in the QiDao Protocol
Based on responses to this QIP, Lao Zi will adjust the minimum collateral to debt ratio to reflect the community’s feedback.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2222...e47F84 | 215,502 | Add amTokens as collateral (150% |
 0x9249...a54cee | 195,068 | Add amTokens as collateral (180% |
 0x3782...1F336D | 169,744 | Add amTokens as collateral (150% |
 0x3824...AEf659 | 159,316 | Add amTokens as collateral (150% |
 0x63B9...8807b2 | 146,299 | Add amTokens as collateral (180% |
VOTE POWER
Proposal Status
- Mon June 14 2021, 02:00 pmVoting Period Starts
- Fri June 18 2021, 05:00 pmEnd Voting Period
Current Results
1-Add amTokens as collateral (150%
1.582M
2-Add amTokens as collateral (180%
406,511.853
3-Don’t add amTokens as collateral
32,769.684