I think MKR vaults will happen its only a matter of time, but why would maker accept using YFI as collateral if we just asked them? Maybe making a vault for MKR is enough leverage, but I don’t think they would care.
I advocate listing YFI on Aave the most. That would allow holders to earn yield via delegated yVaults. Maybe Andre can figure out a way to use YFI as collateral for stable without an Aave listing.
I am for this. Aave, MakerDAO, Compound, Synthetix are all ideal.
Even if YFI could launch with a low LTV and liquidation threshold (SNX is a 15%/40% on Aave) it would allow for simple strategies to be run on staked YFI.
Given that tokenomics and governance are still in formation, and vaults need to be audited, I’d recommend we wait on pushing something like this until we stabilize a bit more. But maybe that’s too conservative…?
Yes that would be really cool. Aave supports YFI with collateral ratio of even 30% would be sufficient. That way we can have yYFI vault running which would add another utility for YFI.
But then I think we might have to add support for aYFI and yYFI to be eligible to vote in governance. Might complicate things a bit.
Why could we not implement something like SNX, where $YFI can mint yUSD, allowing more TVL from YFI into the Curve yield pools and earning more on their asset. Has worked incredibility well and given YFI is an income generating asset with a similar potential to capture fees like SNX for stakers.