@Misterpiggie49 @DmgBautista on the topic of the LP tokens as

Question

@Misterpiggie49 @DmgBautista on the topic of the LP tokens as

collateral. Not sure if it was mentioned but I did read about the risk mentioned with doing it as far as liquidation goes.

Here is my opinion.

Could we limit which LP tokens are allowed to be used as collateral? Maybe just being able to use the new stablecoin pool pairs as collateral? This would encourage more people to spread their capital more into the stablecoin pools in order to get that extra benefit with the loan collateral.

Also, (in regards to the topic in general using all LP tokens) there could be a questionnaire implemented before proceeding with adding them as collateral. Kind of like what Cake does I believe. Where it forces you to understand fully what you are doing and that the risks being taken are strictly on you. Kind of a safety precaution or disclaimer explaining the potential worst case stuff.

Just a few ideas.

#blockchain #cryptocurrency #defichain #english

0

09.08.2022

4 ответов

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Spencer L

So maybe stablecoins first, 1. To test having some LP tokens as collateral for the ecosystem and 2. help the stablecoin pools, then allow the other LP tokens as collateral. What do you think? Or was that already what you had in mind?

0

09.08.2022

mholdy.xpr Автор вопроса

True, maybe some others in this chat can throw in there opinion on the matter. And I'm going to try my best to make the Twitter space but no guarantees. I will more than likely be working during this time.

0

09.08.2022

Spencer L

mholdy.xpr
True, maybe some others in this chat can throw in ...

Perhaps somebody has already been thinking of it before us and will share it tomorrow. Or maybe there are more ideas that will be shared that work.

0

09.08.2022

Spencer L · Accepted Answer

For limiting LP token usage that can be possible. But to use it for short-term things like encouraging capital movement to stablecoin pools, do you have ideas for then allowing all LP tokens in the future? I’m just considering that maybe one day we won’t need that incentive, and we can’t force everyone to remove it from their collateral, if you know what I mean. :) Yes of course there should be a safety disclaimer when depositing and doing these types of things.

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@Misterpiggie49 @DmgBautista on the topic of the LP tokens as

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