Proposal concept: Support for wrapped UST

I wanted to see if the community would support a proposal for wrapped UST in Compound.

Given the regulatory/centralization/nationalization risk surrounding centralized stables, we see UST as a natural hedge and opportunity to earn. With bridges such as wormhole and Terrabridge live, wrapped UST borrowers could have plenty of opportunities to trade profitably on Terra native applications and earn in applications like Anchor.

I have a lengthier proposal concept but wanted to start here to signal support from the community.

1 Like