0xc7ccec52…7d87sent to0xf790a5f5…1365·#24,643,516·view on Etherscan
fund-public-goods-with-defi-native-borrowingThe extra management from redemption/trove hunting feels like a mismatch for DAOs. Delegation can offset it a little, but does anyone really want that responsibility without getting compensated? (Imagine the positive comments if a DAO Trove gets redeemed 😅)
? something more passive where the market or governance just works out the rate. No constant watching or delegation hassles. Aave/GHO or Spark/USDS,no sharks in the pool, just order books doing their thing.
That said, a Trove could have advantages if we upgraded the auction contracts to send daily auction proceeds straight to our DAO-controlled Trove, steadily pushing up the collateral. (not sure possible using Aave/spark 👨🔧🪠
It would mostly just be borrow/repay plus redeem any extra ETH, instead of those “oh shit bad price add more ETH” emergency moments (though yeah, the market can always bite. 3AC thought they were safe once too).