Add MIM-FTM farm
Should we add a MIM-FTM Farm?
Background:
The collateralized loans protocol, Abracadabra, is launching cross-chain to Fantom. Abracadabra will allow sFTM holders to deposit their sFTM as collateral and mint MIM, Abracadabra’s USD pegged stable coin.
From the Abracadabra medium:
MIM is a USD pegged stable coin. As with most stablecoins, it will be traded on markets with other stablecoins such as USDT, DAI, and USDC. How does Abracadabra Work?
Users follow the steps: Step 1 — Collaterals are deposited on Abracadabra. Step 2 — A debt allocation, with interest, is assigned to the borrower. Step 3 — MIM tokens are deposited into the borrower’s wallet. Step 4 — Users take their MIM wherever they like.
We propose to add MIM-FTM at a 1x weight, with the following
Option 1: Full 1.0x dilution
No farms lowered
Option 2: Net 0.4x dilution
- Remove COVER farm
- Lower BAND to 0.4
| Weight (old) | Weight (new) | |
|---|---|---|
| COVER-FTM | 0.4 | 0 |
| BAND-FTM | 0.6 | 0.4 |
Option 3: Net 0 dilution
- Remove COVER farm
- Lower BAND to 0.4
- Lower SNX to 1.8
- Lower WOOFY to 1.8
| Weight (old) | Weight (new) | |
|---|---|---|
| COVER-FTM | 0.4 | 0 |
| BAND-FTM | 0.6 | 0.4 |
| SNX-FTM | 2.0 | 1.8 |
| WOOFY-FTM | 2.0 | 1.8 |
Vote for one (1) or more options you support:
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x469b...141D2D | 433,830 | Option 3: Net 0 dilution |
 0xae1F...2e9466 | 420,000 | Option 3: Net 0 dilution |
 0x748b...1E15c5 | 131,996 | Option 3: Net 0 dilution |
 0x5370...9A15B2 | 64,476 | Option 3: Net 0 dilution |
 0x1967...176737 | 47,997 | Option 3: Net 0 dilution |
VOTE POWER
Proposal Status
- Mon June 28 2021, 12:00 amVoting Period Starts
- Wed June 30 2021, 12:00 amEnd Voting Period
Current Results
1-Option 3: Net 0 dilution
1.547M
2-Option 2: Net 0.4x dilution
177,595.961
3-Option 1: Full 1x dilution
102,587.647