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Yaron Velner
@yaron
.@onetruekirk is suggesting to use sDAI as a debt asset https://twitter.com/OneTrueKirk/status/1766635873469362628?s=19 My concern is that the sDAI interest rate is not *directly* controlled by market forces, but rather by gov vote. Hence, this asset has somewhat of a synthetic flavor, which makes it less predictable.
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onetruekirk.eth
@onetruekirk
Agreed that borrowers prefer predictable rates, but will note that a utilization based rate isn’t necessarily predictable either, and may be inadequate to maintain liquidity without governance making adjustments to the curve (see Compound v3 above 99% utilization with ~30% rates)
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