I created the first 'Collateral Swap': Swapping the underlying collateral in a @MakerDAO Vault/CDP with another asset, using @AaveAave 's flash loan feature and @UniswapExchange 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 ...🤔
