Multi-chain strategy questions

I’ll ask my not-so-profound questions here regarding the Compound multi-chain strategy.

  • How much of a “new version of Compound” is this new market structure? I’m thinking in terms of integrations and backwards compatibility.

  • If you put this on Ethereum, how will the terms differ from the existing version (if you accept only borrowing a single asset)? Are there any estimates on changes in e.g. collateral factor? What else changes? My initial assumption would be that for existing positions a migration/move wouldn’t be particularly interesting.

Thanks for the update on what you’ve been working on!

The collateral factors would be set by governance, and probably requires some economic simulation from someone like Gauntlet to figure out the limits, but we expect they could be substantially higher for suppliers of crypto assets borrowing a stablecoin.