Hehe, perhaps Star Atlas needs a spaceship rental agency? 
Also, I’m not leaving this job until I’ve caused a subprime mortgage crisis in Decentraland!
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stables to be borrowed: $PAI and $UST
increasing liquidity for newer non-custodial stablecoins like UST and PAI is very important for DeFi.
Collateral other than $SOL: $stSOL, $renBTC & $pBTC, $FTT, $ETH
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Could we have saber LP tokens? that would unlock quite a significant TVL…
– you just blew my mind a little, I will have to think more on what you say
BTC,SOL,RAY,some base assets
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These are solid ones to consider!
Need more info - will have a collateral onboarding template proposal soon to measure these up against one another.
Softgate as in the Softgate
So long as FTT would be of benefit to the Jet Protocol, which is the priority, I’d like to see more use cases for what may develop into the highest EV asset in the space
is there a way to display on the website another name for SOL –
or am I the only one who heard myself thinking
“wait what does it mean deposit my SOL here in exchange for money”
,lol.
A key part of Sabers growth strategy is enabling users to use their LP-tokens as collateral. Current TVL is 172m
From their blog:
The biggest advantage of AMMs like Saber is the ability to make locked capital dynamic through LP tokens. We’re currently working with different lending protocols to integrate Saber LP tokens as a form of collateral, which would allow users to earn passive yield with zero cost of capital.
For details, it would probably best to speak directly to their team (they are quite open for collabs)
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Hello all. Definitely hearing you on the topic of LP tokens. We probably won’t be ready for them in our MVP, but it makes sense to allow LP token collateral in many instances.
A key question for for any tokens we’d support, whether as collateral or only for lending and borrowing is: are there reliable price feeds provided by on-chain oracles? So one way to prepare the ground for your favourite tokens to be supported by Jet is to encourage their teams to provide those prices feeds.
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I would like to see the Orca ETH/SOL LP token added as collateral.
Agreed! The core usage of borrowing protocols is to unlock value in a user’s existing tokens.
SOL, ETH, wBTC, FTT, SRM, RAY currently have very little utility other than meagre staking yields. Allowing these to be used as collateral will unlock massive usage from users!
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I think that UST should be one of the key stables to be borrowed.
I feel as a whole, we should place less emphasis on Tether due to all the scandals that have shrouded them in the past. Even though it has the largest market cap at the moment, it would be great if we could take a principled stand against it.
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I think SBF makes a good case for Tether, a principled one – including
here:
https://open.spotify.com/episode/10qB9koBGclR8A6YOA1J8W
and
here (with Vinny Lingham and Alex Mashinsky agreeing):
https://youtu.be/aWo4Kr_adq0?t=2308
For me, Tether matters because people trust it and use it especially outside the US. For those markets, and the China market in particular, I’m in favor of Jet using Tether.
And UST, too, as that comes more and more into Solana.
I will admit, btw, that I have not done a deep dive into Tether myself – because it sounds like quite the rabbit hole to go down for me at the moment.
When I deep deep dive into everything stablecoins down the line, I will have a better formulated opinion on the topic. Until then, I’m dependent on trusting the opinions of others – and on this topic, at least for the present, I resonate with what SBF has to say.
In of his latest interviews (maybe cnbc - who knows now that he does so much) he actually put up a view (super based) saying "actually if it is not backed by 1, the market would just reprice it to its true value
I dont know if this (USDT losing its 1USD peg to the bottom) happening would just cause a massive selloff overall just based on fear but anyway that is a very ‘rational’ take/view i feel and so might be a tad concerning if you think this through
Especially if you have stable borrowing with this
I dont think it will lose the peg in the short (medium?) term but at least on Solana it is not there a lot
Latest data is 0.2B USDT for 1B USDC on Solana
So yeah might entice some funds from ETH or BSC (if BSC uses that all) to come back but then if they do this ETH/BSC → SOL would not you do USDT → USDC?
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$Step and UST as a stable, please!
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Name two tokens you think would be useful to lend and borrow, but that would not count as collateral… go!
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COPE
- token live
GRAPE
- token pending
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