Should we consider adding certain Uniswap LP tokens as collateral assets?
I think it would make sense to support any pair that comprise two assets already usable as collateral on Compound:
- WBTC / ETH
- ETH / USDT
- USDC / ETH
- DAI / ETH
In term of collateral factor, I would suggest a 50/50 blended average based on the collateral factor of each underlying token. I would also understand if people argue that the collateral factor should be lower to account for the added risk of having exposure to the Uniswap V2 smart contract.
MakerDAO has been successfully accepting those for a while now, I can’t think of a reason Compound would not do the same. Would appreciate people thoughts.