Title: SIP-X: Allow foundation to swap between whitelisted collateral
Author(s): Beinahruga
Created: 12/29/22
Labels: # Swapping between whitelisted collateral
Simple Summary
let the foundation be able to swap between allowed collateral with out a SIP
Abstract
to optimize the yield on the collateral, make it easier to move around the market. example if we have a lot of usdc and the community feels like there is opportunity on a frax yield
i dont like that we would need a SIP to change that usdc to frax
Motivation
i like feel like this is a optimization on the voting to use our funds. example if we have a lot of usdc and the community feels like there is opportunity on a frax yield. I dont like that we would need a SIP to change that usdc to frax with 1 SIP then another SIP to deploy the funds
I like the direction of the proposal. But this gives too much power to the Foundation which is against decentralization. We certainly need a better approach to how the funds can be balanced to optimize yield for USDs holders.