I want 1inch on the Compound Protocol!
Compound could even use 1Inch’s API for price feeds, maybe?
It would be beneficial to Compound, 1Inch’s exchange and users if there was a deeper collaboration and marketing of something totally new to DeFi the 2 teams could integrate! 1Inch and Compound could add a few cToken pools on the 1inch exchange with COMP and 1inch farming rewards! The ability to have a large enough liquidity for trading cTokens would be a gamechanger for the 1inch token and would allow 1inch users to more easily become Compound suppliers. The collaboration could also provide 1inch holders and Compound users additional 1inch token farming rewards for supplying or borrowing the 1inch token on the Compound Protocol.
1inch and Compound may even want to have an addition added to their UI’s for users who are on both platforms. Could add a COMP reward balance and claim button on 1inch. While COMP could add 1inch’s staked balance and reward claim button.
There really is sooo much 1inch and Compound could do to REALLY make a splash!!! So, PLEASE @1inchnetwork, don’t settle for just getting added to Compound’s list of assets, think outside the box and 1up the DeFi ecosystem. Do something different with staking LP-1inch-cTokens.
Just curious, if a liquidity provider adds cTokens to a pool, could you make that contract be able to accept the COMP rewards, or distribute them directly back to the LP’s COMP reward balance which is displayed at the top of the Compound app? There has to be something new 1inch/Compound could do for LP’s adding liquidity with cTokens and then staking their LP-cTokens. I just think it would be interesting to add the liquidity of Compound’s left-over supply market to 1inch’s pools. Could it reduce the gas fee to provide liquidity to Compound’s supply markets?