Proposal to add APE
Proposal to add APE as a capped collateral to Interest Protocol.
ApeCoin is an ERC-20 governance and utility token, which signals to the Ape Foundation what actions to take and administer.
Both Matcha and DeFi Llama estimate 10% slippage to occur at ~$600,000 market sell.
Token Address: 0x4d224452801ACEd8B2F0aebE155379bb5D594381
Capped Token address: TBD
Liquidation incentive: 10%
Maximum Cap: 308,000 APE (~$1,000,000 market value at time of writing)
Primary oracle: 0xd10abbc76679a20055e167bb80a24ac851b37056
Price deviation: 20%
Market Cap: $1,203,000,000
Liquidity: ~$3,200,000 (Uniswap V3: 0xAc4b3DacB91461209Ae9d41EC517c2B9Cb1B7DAF)
Coingecko 7-day avg 24hr volume: $51,000,000
Notable exchanges: Coinbase, Binance, Uniswap, etc
Type of contract: ERC20
Underlying asset: Governance Token
Time: 466 Days (Created February 14, 2022)