QIP 011: Adding new collateral assets
Summary:
What collateral type do you want to see added to QiDao?
This proposal is to add a new collateral asset to borrow MAI against. The top ranked choice from this community vote will be added as collateral on the following Monday.
Adding a collateral type will also include their Aave market token if they have one. Example voting to add wETH will also be a vote for camwETH.
If approved, users will be able to mint MAI by locking these tokens in vaults and borrowing on their value at 0% interest. Doing so will allow users to benefit from the value of their tokens without spending them.
The minimum collateral to debt ratio for these collateral types will be 150% if accepted.
Your voting power is represented in Qi Powah. If you want to increase your voting power you can go to app.mai.finance/boost. Revenue share from the vaults repayment fees will be distributed to Qi stakers based on their amount of eQi.
Motivation
- Increase TVL
- Increase user options
- Attract new audience
- Reduce protocol risk
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x4bED...4491a5 | 228,817 | wETH |
 0x09d9...aE10c0 | 157,040 | wETH, Link, wBTC |
 0x3824...AEf659 | 139,527 | Link, wETH, Aave |
 0x4127...Ad5bF6 | 138,177 | Aave, Link, Sushi, wBTC |
 0x9444...211A20 | 120,136 | wETH, wBTC, Aave |
VOTE POWER
Proposal Status
- Tue July 20 2021, 04:00 pmVoting Period Starts
- Fri July 23 2021, 04:00 pmEnd Voting Period
Current Results
1-wETH
1.255M
2-Aave
857,369.609
3-Link
810,785.609