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- SAIP #61: Add single-sided gmBTC and single-sided gmETH Cauldrons
This expansion allows users to leverage the yields generated by gmBTC and gmETH, while still maintaining full exposure to the underlying BTC and ETH assets Risk Assessment: The single-sided cauldrons have been live since May 2024 and have amassed substantial TVL Currently, gmBTC has ~$60M of TVL and gmETH has ~$70M of TVL
- SAIP #34: Adding gmETH, gmBTC, gmARB and gmSOL cauldrons
Cauldrons parameters: gmBTC and gmETH -85% LTV -5% Interest -1% Borrow Fee -6% Liquidation Fee gmSOL -75% ltv -6 9% Interest -1% Borrow Fee -6% liquidation gmARB -75% LTV -4 2% Interest -1% Borrow Fee -6% Liquidation Fee Cumulative top up of 20m MIM across the 4 cauldrons, starting with low 6 figures top ups for beta testing
- RFC: Topping up GM Cauldrons - forum. abracadabra. money
tl;dr This proposal seeks to increase the total borrowing cap for Abracadabra’s GM cauldrons from $25 5M MIM to $36M MIM Introduction: The GM cauldrons have seen consistent adoption and liquidity growth since their inception, demonstrating strong borrowing demand and healthy liquidation processes To further enhance capital efficiency and expand borrowing opportunities within the ecosystem
- SAIP #43: Add a WBTC and WETH Market - Abracadabra Forum
Currently, its is difficult for market makers to borrow MIM while using naked BTC assets, and their infrastructures might lack the ability to correctly hedge BTC and ETH based LP tokens such as yvTricrypto or gmBTC In order to help them borrow MIM to correctly hedge their LP position, the current proposal aims at deploying swiftly those 2 markets
- AIP 45: Interest Rate Adjustment for the gmCauldrons
AIP 45: Interest Rate Adjustment for the gmCauldrons Tl;dr Increase by 3% the interest of all the gmCauldrons bringing the various interest to: gmARB: 7 2% gmBTC: 8% gmETH: 8% gmLINK 9 9% gmSOL: 9 9% Introduction The gmCauldrons have been extremely successful products, selling out consistently after each single top up It is now time to slightly increase the interest on those cauldrons to
- HMX lt; gt; Abracadabra integration: Adding an HLP Cauldron
Introduction HMX is a next-gen decentralized perpetual protocol with a cross-margin and multi-asset collateral support on Arbitrum Since its inception, HMX has solidified itself as one of the leading PerpDEXs on the Arbitrum ecosystem With 10Bn+ in trading volume, HMX currently supports 30+ markets across crypto, FX, and commodities HLP is a pool which acts as a market making liquidity for
- #SAIP #57. 1 - Update to USD0++ Cauldron Parameters
SAIP #57 1 - Update to USD0++ Cauldron Parameters Summary Scope This proposal seeks to update the parameters of the USD0++ cauldron initially introduced in AIP #57 The proposed changes aim to reduce risks, increase profitability, and make the cauldron more attractive for users The updates include an increase in the Maximum Collateralization Ratio (MCR) to 90%, a reduction in liquidation fees
- Latest topics - Abracadabra Forum
Abracadabra Governance Forum [RFC] Addressing the Loss of 326M SPELL on Avalanche Due to Multichain Exploit on July 2023
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