Timing: Mainnet 1 (somewhere between nice-to-have and must-have)
Needs full spec, but key elements:
Adjustment to the liquidation contract to look for outstanding offers to buy collateral at an advantageous price.
Product questions to answer:
a) How senior is this check? I.e., does the liquidation contract only take offers if it can't sell via the AMM? Or does it check here first?)
b) How does the liquidation engine ensure the offered price is good enough
c) Core use case is for large liquidations: how does liquidation look at this relative to tranche-ing of sales
Contract to accept OTC offers for liquidations
Product questions:
a) When do we expect people to provide these offers relative to the timing of the liquidation
b) What is the interface
c) How is this advertised? Broadly or do we need to recruit specific partners with capital?
Timing: Mainnet 1 (somewhere between nice-to-have and must-have)
Needs full spec, but key elements:
Adjustment to the liquidation contract to look for outstanding offers to buy collateral at an advantageous price. Product questions to answer: a) How senior is this check? I.e., does the liquidation contract only take offers if it can't sell via the AMM? Or does it check here first?) b) How does the liquidation engine ensure the offered price is good enough c) Core use case is for large liquidations: how does liquidation look at this relative to tranche-ing of sales
Contract to accept OTC offers for liquidations Product questions: a) When do we expect people to provide these offers relative to the timing of the liquidation b) What is the interface c) How is this advertised? Broadly or do we need to recruit specific partners with capital?