We all have different ALT tokens many of which are not accepted as collateral cos all protocols stick to safest assets.
But finance is all about risk management and all assets deserve to be treated as one at their respective risks!
A protocol with;
Low Mcap tokens as collaterals,
Isolated pools for each asset,
A risk adjusted return for LPs,
Conservative loan to value ratios,
Curation brought to little guys,
Optional periodic locked positions to protect against bank run, Capital efficient, democratic liquidation with debt assumption model,
Log-space TWAP oracle with geometric-mean temporal averaging, bidirectional spread computation, and rate-limiting on refreshes to prevent oracle manipulation.
How about for example;
$Arena as Collateral to borrow
$Avax
50% LTV
20% APY
Optional locked position for 16 days
Hourly price feed to EMA (Roughly 40 hours of sustained artificial pricing is needed to push a 90% deviation)
Anyone with a position having a headroom in his collateral to liquidate atomically
I am not even talking about proof of work token minting to benefit from the protocol revenues, no presale, no bonding curve, no allocations, no VCs. Pure good for Avalanche and the community