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SBF
@SBF_FTX
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@SBF_FTX
3) I'd also like to thank everyone who gave input on the vote and ultimately decided against: see here for
@Dharma_HQ
's reasoning: twitter.com/Dharma_HQ/stat TL;DR: wanted more liquidity and safety checks on $WBTC.
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Dharma
@Dharma_HQ
3/ Prop 16 follows on Prop 14 in attempting to add a collateral factor for wBTC. We believe Prop 16's proposed collateral factor, 40%, is still too high, given the two concerns that have been raised: a) low spot liquidity; and b) minting collusion. We favor a lower initial CF.
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SBF
@SBF_FTX
4) Going forward, I'd love to see: a) people implement ratelimits on WBTC entering Compound, which could limit the downside and allow for a higher collateral factor b) more liquidity for WBTC--both on exchange and in minting We're happy to help out in any way we can here :)
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SBF
@SBF_FTX
5) I remain excited about Compound, COMP, and the future of DeFi. Let's try to iron out the details and build products that can move the space--and the broader financial ecosystem--forward!
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