LBS Blockchain Society Delegate Platform

[ARFC] Add MKR to Ethereum v3

Vote Result: YES

Rationale

MKR is from a reputed community with close links to Aave, with Maker contributing significant TVL to v2 via DAI and MKR. Moreover, the borrow and supply caps, along with other risk parameters, are conservative and presented together by Chaos Labs and Gauntlet. A point to note is that the MKR community has been clear that they do not want their asset to be borrowed even if that means no revenue for them, and this proposal recommends a 1,500 MKR borrow cap. However, the amount is negligible, and should not be a deal breaker for onboarding the asset. They have also voiced support for a borrow cap in the past. Therefore, we will vote YES in favour of this proposal.

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