Dante
April 18, 2023, 12:09pm
1
Abstract:
Full details for these items can be found below:
Abstract:
Onyx DAO is proposing to hire a Community Leader, Head of Business Development
Discussion:
Onyx Protocol, with the execution of OIP-9, is now fully decentralized and controlled by the community of XCN token holders. In order to ensure proper maintenance of the protocol, the Onyx DAO proposes that a budget allocation be set aside for two key hires as described below:
Community Leader
A community leader will be in charge of the day to day operation of the Onyx Protocol such as ensur…
Abstract: To ensure XCN parameters are set that are based on market data and security.
Details: This proposal will lower the collateral factor of XCN to 30% to ensure proper protocol security due to low market liquidity in the event of liquidations. This represents a 10% decrease to the current 40% collateral factor. OIP-10 will also add a borrow cap or 90 million XCN so that we can help prevent any malicious borrowing of XCN which can attack the governance module. This proposal will also adjus…
Abstract: To onboard Mutant Ape Yacht Club (MAYC) NFTs to Onyx Liquidity Protocol as supported collateral and eligible for liquidity mining.
Discussion:
Onyx DAO proposes to add MAYC to the Onyx Liquidity Protocol as a supported cross-token asset. MAYC is part of the broader Yuga Labs BAYC collection of 20,000 collectibles on the Ethereum blockchain.
MAYC has had a lifetime volume of over 700,000 ETH, 11 thousand owners of which 58% are unique, and a floor price above 10 Ether. There is suff…
The proposal for OIP-11 including the full description of changes can be found at Onyx Protocol
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