In view of the new announcements, I would like to introduce the discussion about which assets should appear in the Money Market initially
From my point of view, taking into account liquidity, they should be both for borrow and collateral:
USDC (native)
USDT (native)
WETH (MRL)
WBTC (MRL)
DOT
vDOT
iBTC
If you have any other recommendations, of course leave them in the comments.
HDX is mandatory.We could add GLMR, it is having very good results and a lot of support. I think your proposal is great Jose.
The most crucial are:
All are majors and have ample liquidity + available DIA oracles.
iBTC I would be concerned about availability of liquidity so we would need to really monitor this.
Other assets that are further out the risk curve should be considered at a later date - the initial launch should be kept small and build up over time imo (much like we did when we launched the Omnipool in training wheels mode)
I agree with
@Jose Crypto
about the initial list of markets:
USDC (native), USDT (native), WETH (MRL), WBTC (MRL), DOT, vDOT, iBTC
regarding iBTC, I will personally revive the Polkadot Treasury proposal from the Interlay team to contribute DOT to incentivizing vault operation to enable more iBTC capacity in the system, since this is a common good for the entire ecosystem.
Once that initial list of markets is open, I would suggest:
Obviously HDX, so i can lend my HDX to buy more HDX and repeat until i am at like 10x leverage