Executed

Add xINV to Anchor


ID 23

ID 23

Proposed on: May 15th, 2021

Proposed on: May 15th, 2021

Votes

Actions

Type

Address

Details

Custom

0xE892...4cb4

setFeed(..)

Custom

Account

0xE892...4cb4

Method

setFeed(..)

Custom

0x41D5...FB68

approve(..)

Custom

Account

0x41D5...FB68

Method

approve(..)

Custom

0x4dCf...7339

_supportMarket(..)

Custom

Account

0x4dCf...7339

Method

_supportMarket(..)

Custom

0x4dCf...7339

_setCollateralFactor(..)

Custom

Account

0x4dCf...7339

Method

_setCollateralFactor(..)

Custom

0xD144...F809

acceptGovernance(..)

Custom

Account

0xD144...F809

Method

acceptGovernance(..)

Proposal

I propose to add xINV to Anchor. xINV is an Anchor market that users can enter by depositing INV as underlying collateral.

Users who deposit into xINV will receive 4 main benefits:

  • Ability to borrow any assets on Anchor using INV as collateral
  • Compounded INV treasury rewards every block
  • Potential protocol fee sharing
  • Ability to vote or delegate using GovernorCharlie (pending governance contract upgrade)

Below are the proposed deployment parameters. Please note that each of these parameters can be changed by a governance vote in the future.

  • Collateral factor: 50%
  • Withdrawal escrow duration: 14 days
  • Reward rate: 1500 INV per month
  • Oracle feed: Sushiswap TWAP oracle
Votes
Status