on the risk. so in this case frax would be the delegate who is taking on the risk, hence the idea to raise capital, as first loss?
*delegates taking on some of the risk, along with other parties seeking high yield
I think it would be the protocol initially - needs to have skin in the game
agree. so we'd lend to known actors/teams/borrowers. If you were to write this as a proposal, how much would you seek to lend? and would there be any collateral requirements? I've noticed Maple has 50% on a small number of loans, and 0% on the majority.
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