# OIP-11: MAYC Support, Adjust XCN Market Parameters & Hiring BD + Community Leader **URL:** \ **Category:** Governance\ **Created:** [April 18, 2023, 12:09pm UTC](https://community.onyx.org/t/oip-11-mayc-support-adjust-xcn-market-parameters-hiring-bd-community-leader/350 "2023-04-18T12:09:33Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![Dante](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/dante/32/87_2.png) [@Dante](https://community.onyx.org/u/Dante)\ **Post date:** [April 18, 2023, 12:09pm UTC](https://community.onyx.org/t/oip-11-mayc-support-adjust-xcn-market-parameters-hiring-bd-community-leader/350/1 "2023-04-18T12:09:34Z")
Abstract: Items initially proposed on the Community Forum for discussion have now been merged into OIP-11 and proposed for the community to vote on. These items include adding MAYC Support, Adjusting XCN Market Parameters, and the hiring of a BD in addition to Community Leader. Full details for these items can be found below: > [@Hire Community Leader & Head of BD Discussion](http://community.onyx.org/t/hire-community-leader-head-of-bd-discussion/313): > > 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… > [@Adjust Market Parameters XCN](http://community.onyx.org/t/adjust-market-parameters-xcn/105): > > 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… > [@Add Mutant Ape Yacht Club to Onyx Protocol](http://community.onyx.org/t/add-mutant-ape-yacht-club-to-onyx-protocol/314): > > 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](https://app.onyx.org/#/governance/proposal/11) ---
**Author:** ![Zane](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/zane/32/48_2.png) [@Zane](https://community.onyx.org/u/Zane)\ **Post date:** [April 19, 2023, 4:24pm UTC](https://community.onyx.org/t/oip-11-mayc-support-adjust-xcn-market-parameters-hiring-bd-community-leader/350/2 "2023-04-19T16:24:07Z")
coolio . Lets gooo . 🚀 🚀