# UMIP 161- Add MAGIC as collateral

**URL:** <https://discourse.uma.xyz/t/umip-161-add-magic-as-collateral/1742>\
**Category:** technical UMIPs\
**Created:** [June 14, 2022, 2:33pm UTC](https://discourse.uma.xyz/t/umip-161-add-magic-as-collateral/1742 "2022-06-14T14:33:24Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Mhairi](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/mhairi/32/48_2.png) [@Mhairi](https://discourse.uma.xyz/u/Mhairi)\
**Post date:** [June 14, 2022, 2:33pm UTC](https://discourse.uma.xyz/t/umip-161-add-magic-as-collateral/1742/1 "2022-06-14T14:33:24Z")

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

> <https://github.com/UMAprotocol/UMIPs/blob/master/UMIPs/umip-161.md>

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<div class="post-metadata">

**Author:** ![Mhairi](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/mhairi/32/48_2.png) [@Mhairi](https://discourse.uma.xyz/u/Mhairi)\
**Post date:** [June 14, 2022, 2:37pm UTC](https://discourse.uma.xyz/t/umip-161-add-magic-as-collateral/1742/2 "2022-06-14T14:37:21Z")

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**Community Review Call outcome - 13th June**

GO