Use WELL as collateral

Ideation & Discussion
1

If we were to give additional features to WELL it would increase the usage of the token and possibly the project’s TVL. I would like to discuss this. Will it be good for the project or bad?

2

Hey Metod,

Thanks for the question. There are multiple reasons why introducing WELL as collateral is out of scope right now:

  1. No oracle price feed is available for the asset.
  2. Even if an oracle price feed was available, asset would be too illiquid as it is right now to be onboarded as collateral.
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Hope this helps!

3 Likes
3

Hi !

Thanks for explaining !

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