Highlights of the D3M Proposal on @MakerDAO
Summary: mint & Burn DAI in exchange for aDAI to stay within the Target Max Variable borrow rate of DAI in Aave Liquidity Pools
Summary: mint & Burn DAI in exchange for aDAI to stay within the Target Max Variable borrow rate of DAI in Aave Liquidity Pools
Benefits to Aave:
- More DAI for Aave borrowers (yay!)
- Lower borrow rates for Aave users
- Partnership with dominant decentralized stablecoin protocol
Given stablecoins pools are the most utilized pools on borrow/lend platforms, this will help Aave compete with Compound!
- More DAI for Aave borrowers (yay!)
- Lower borrow rates for Aave users
- Partnership with dominant decentralized stablecoin protocol
Given stablecoins pools are the most utilized pools on borrow/lend platforms, this will help Aave compete with Compound!
Benefits to Maker:
- Generate cash flows from interest earned on Aave
- DAI gains natural access to any L2/chains that Aave expands into
- Generate cash flows from interest earned on Aave
- DAI gains natural access to any L2/chains that Aave expands into
Questions for @AaveAave and @MakerDAO community:
- Is the D3M module utilizing collateral in Maker's users' vaults to mint DAI? This could be problematic because increase the risk of liquidation without users' consent.
- Is the D3M module utilizing collateral in Maker's users' vaults to mint DAI? This could be problematic because increase the risk of liquidation without users' consent.
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