Proposal: We should consider to accept WING token as a lending fee payment method.
Benefits:
Once WING could be used to pay lending fee, the utility of WING will increase
When borrowers lock a given amount of WING when they borrow assets, the increasing borrowing fee won’t increase the liquidation risk of collateralized assets any more. (For example: currently, if Alice supplies $100 pETH and borrows $50 pUSDT, and the borrowing period generates $5 borrowing fee, then $55 will be counted as borrowed amount, which will be compared to the borrowing limit for liquidation. There could be some extreme circumstances in which the borrowing APR of pToken dramatically increases, resulting in liquidation in a short period).
Suppliers could receive real-time borrow-related return as they need even though the borrowers have not paid back the assets. (the same example as Alice) In this case, suppliers can achieve higher yields by re-supplying the interests they earn.
It’s potentially similar to WIP-04. But in this case, a new smart contract can be designed to automatically burn WING commissions in daily or hourly basis.
I very agree. In fact, it is very difficult to pay interest on borrowed assets that are difficult to buy. This will certainly be one reason to buy Wing Coins. Today’s Wing Coin has nothing to do other than voting for governance. I think this will ensure more safety for the price stability of DeFi tokens. I don’t think it makes sense to buy and burn tokens or vote for individual gain.
I think you should stick to the basics.
The question is, do suppliers agree with it? Since the interests are paid to suppliers, do suppliers accept receive WING as interest instead of the assets they supplied?
We already have Unifi as an Ontology DEX which could easily swap assets from Wing platform.