UMIP 161- Add MAGIC as collateral

Mhairi · June 14, 2022, 2:33pm

This UMIP proposes adding MAGIC for use as collateral in UMA contracts.

UMAprotocol/UMIPs/blob/master/UMIPs/umip-161.md

**UMIP-161**

- **UMIP title:** Add MAGIC as collateral currency
- **Author:** Mr.Bahama
- **Status:** Approved
- **Created:** 26 May 2022

## Summary (2-5 sentences)

This UMIP proposes adding MAGIC for use as collateral in UMA contracts.

## Motivation

MAGIC token is economic infrastructure for various play-to-own games using TreasureDAO. Adding MAGIC to UMA contracts will enable the Treasure ecosystem to incorporate more flexible in-game assets with defi. 

## Technical Specification

To accomplish this upgrade, the following changes need to be made:

This file has been truncated. show original

Mhairi · June 14, 2022, 2:37pm

Community Review Call outcome - 13th June

GO

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UMIP 161- Add MAGIC as collateral

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