Suggestion to ola finance: when ola finance works in voltage finance for borrowing, please let users fir the first time ever, pledge staking shares/VLPS for loans.
I suggest this because major stock exchanges already do this. They do this without transferring and since the investments are generating income for users it winds up having value in terms of income it produces. So if they over borrow and it gets siezed. The value of what they pledged can pay off whatever amounts owed unless a portion of the crypto rewards are siezed until the loan is paid.
So it is only a matter of time before i can pledge VLPs which are already deposited and associated to any pairs i am supporting in the yield farming feature. How this can work can be probably handled overtime. This makes lending easy while providing users an ability to obtain a loan with ease on existing assets of their choosing.
Nowadays users can’t just transfer a car into another persons parking lot with no access until the loan is paid. Not everyone is parking cryptos to lend anymore when they may just sell and replenish the fund at no interest. Therefore it makes sense to borrow against existing assets in this case, VLP’s aka LP tokens in yield farming pairs which already produce income. Its like an apartment complex that has recurring income. SO i hope this idea gets considered and or voted on, and i hope we consider advancing the lending platform to do this.