Proposal for rETH-cETH Zero-Liquidation Loans

I’ll respond at a very high level:

  • Use as loan collateral is one of the most asked for uses for rETH
  • We expect Maker to on-board us before this proposal would launch, but their loan is a stable, so different in kind
  • The ability to hyperstake (get leveraged exposure to rETH) is brought up regularly. Maker won’t safely enable that, so you may be able to launch without competition for a bit

So all of that is pretty awesome.

The things that will really get us over the edge (feeling secure, good UX, marketing - especially word of mouth) will take some time. Our community is very very active, so you can expect to get feedback and exposure when there’s a product to play with (and you may be able to get folks to try it on testnet… people are partial to poaps, eg).

For launch, you may also want some material explaining the loan-to-collateral approach, as most folks will be much more familiar with oracle driven LTV.

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