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Proposal
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executedEnded 3 years ago Â·  Onchain

SIP-19 New market for XAI

By 0x648f...90fe83

Action 1: Set up price feed for XAI

price provider: ChainlinkV3PriceProvider

_asset: 0xd7C9F0e536dC865Ae858b0C0453Fe76D13c3bEAc,
_aggregator: 0xBc3EFB6E37abee6698c5E701380B407443527f8F,
_fallbackProvider: N/A,
_heartbeat: 3600,
_convertToQuote: false

Action 2: Choose a price provider for XAI

ChainlinkV3PriceProvider

The action registers a price provider in the protocol’s repository of price providers.
The Repository manages price providers and maps assets to their price providers.

Action 3: Set up maxLTV/LT on silo XAI for an asset (XAI)

Model contract: InterestRateModelXAI (0x64359a0A87B799140Ec74C2eb037E27dD4500A15)
Max Loan to Value (LTV) = 85%
Liquidation Threshold (LT) = 90%

Action 4: Set up maxLTV/LT on silo XAI for an asset (WETH)

Model contract: InterestRateModel (0x7e9e7ea94e1ff36e216a703d6d66ece356a5fd44)
Max Loan to Value (LTV) = 85%
Liquidation Threshold (LT) = 90%

Action 5: Set up interest rate model for XAI silo and XAI asset

Model name: fixedXAI

  1. uopt: 500000000000000000,
  2. ucrit: 900000000000000000,
  3. ulow: 300000000000000000,
  4. ki: 0,
  5. kcrit: 0,
  6. klow: 0,
  7. klin: 0,
  8. beta: 0,
  9. ri: 31709792,
  10. Tcrit: 0

Action 6: Set up interest rate model for XAI silo and WETH asset

Model name: bridgeETH

  1. uopt: 700000000000000000,
  2. ucrit: 900000000000000000,
  3. ulow: 500000000000000000,
  4. ki: 244674,
  5. kcrit: 317097919838,
  6. klow: 31709791984,
  7. klin: 1358991085,
  8. beta: 277777777777778,
  9. ri: 0,
  10. Tcrit: 0

Action 7: Add XAI as second bridge asset

The action will add XAI as a bridge asset.

Action 8: Set LTV/LT = 85%/90% for XAI in the currently deployed Silos, and set stablecoin interest rate

The action will, for each existing Silo, configure LTV and LT for XAI and set its interest rate parameters.

Action 9: Mint XAI to SiloModule

The action will mint 15 million XAI to the SiloModule.

Action 10: Deposit XAI to silos

The action will deposit 10 million XAI to the bridge pool (XAI silo), and 5 million XAI to the USDC silo.

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Connect Wallet to Add Note
0
Votes 20
VoterCast PowerVote & Rationale
0x3304...431b29
20.572M

FOR

0x70AD...68AD4C
13.334M

FOR

0x0906...E77179
8.302M

FOR

0xa521...274F4F
4.728M

FOR

0x388d...76a0E6
4.552M

FOR

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VOTE POWER
0
Connect Wallet
Proposal Status
  • Mon October 24 2022, 08:36 pmPublished Onchain 0x648f...90fe83
  • Mon October 24 2022, 08:36 pmVoting Period Starts
  • Thu October 27 2022, 07:02 pmEnd Voting Period
  • Thu October 27 2022, 09:46 pmQueue Proposal
  • Sun October 30 2022, 07:29 amExecute Proposal
Current Results

1-FOR

59.729M

2-AGAINST

N/A Tokens

0%

3-ABSTAIN

N/A Tokens

0%
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