I’d like to aggregate a few different ideas from the community into one thread, which will then lead to a series of on-chain proposals that hopefully enhance the borrower experience.
The goal is to increase the number of Borrowers. More borrowers results in less noticeable rebalancing to each individual borrower and is also a core KPI of our platform. It represents a core piece of our user base and a core part of revenue generation, as more people minting, trading and rebalancing bnUSD is good for Balanced. Here’s what I think we should do to enhance the borrower experience and help Balanced at the same time:
- more borrower rewards
- Increase LTV
- lower origination fees
- large stability fund
As all of these are happening, we should also tighten the peg of bnUSD to make it more attractive to trade on our DEX. A tighter peg is justified by a better experience overall for borrowers.
Here is the thread where it’s getting discussed
This was already done with BIP15, but we can increase it more. Open to suggestions.
This looks ready to go for an on-chain proposal
Already in development, but discussion can be found here.
Tighten Rebalancing Range
This doesn’t have a discussion thread yet but I will make one. It was lightly touched on here.