Proposal to add APE

Proposal to add APE as Collateral

Proposal to add APE as a capped collateral to Interest Protocol.


ApeCoin is an ERC-20 governance and utility token used to empower a decentralised community building at the forefront of web3.


Token Address: 0x4d224452801aced8b2f0aebe155379bb5d594381
LTV: 70%
Liquidation incentive: 10%
Cap: 63.5M ($200M)
Oracle Address: [To be deployed]
Primary oracle: Chainlink APE/USD
Secondary oracle: Uniswap v3 APE/WETH
Price deviation: 20%


MCAP: $3.16B
Uniswap liquidity: $4.63M
Coingecko 7-day avg 24hr volume: $231.0M
Notable exchanges: Coinbase, Binance, Okex, Bitfinex, HitBTC

Technical risks

  1. Type of contract: Governance Token
  2. Underlying asset: Governance Token
  3. Time: 277 days
  4. Value: control of the APE protocol
  5. Privileges: none
  6. Upgradability: None


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