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BuildΞr @AaveAave, https://t.co/8FvJaInEJM. #WearAFuckingMask
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4 Feb 20
I created the first 'Collateral Swap': Swapping the underlying collateral in a
Vault/CDP with another asset, using
's flash loan feature and
for collateral conversion, all in one transaction w/o liquidation. 😇
Use case: swap the underlying collateral of a debt position for a better performing asset, without needing to payback the loan / lose your DAI position(s)
Example: if ETH price ⬇️, BAT price ⏫, then it's safer to have your collateral in BAT.
There's probably an arbitrage use case as well ...🤔
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