Hey @Ceazor,
Great to see your inputs / thoughts. Some quick responses;
This is why Maker team is running two different UNI positions and also the PSM (actually encouraging users to arb when it suits them to restore peg), although downside is it means it basically wraps the paired asset - i.e. a lot of ibXXX collateral would be sXXX version of asset.
This is a really valid point, and don’t know if you have seen the other post here?
Today ibXXX isn’t accepted as collateral in ANY markets, partly because of the way risk is managed in relation to the listings on Iron Bank and the relationship with Fixed Forex as the minter. But a good first move here could be Euler, since it would also enable wider availability. Alongside that it would make sense probably to list more sXXX assets for supply and borrow in Iron Bank, and work towards getting sXXX assets on other lending markets like Euler & AAVE too. The problem today is access to sXXX assets is very complex for average users and the staking and minting process is sort of a barrier to entry, then you add in need to exchange sUSD for sXXX.
One way to overcome that is have both Keep3r & Synthetix teams play a more direct role in minting as is, in current process, and then use it for purposes of raising revenues for both teams. Synthetix would also get more revenues if the Fixed Forex AMM was updated to allow atomic exchange between all assets.
The other is to make availability of sXXX more widely available through the lending markets & on exchanges, which requires some Collab between both teams but would bring ease of access to users (especially retail). That would also open up the possibility for AMO functions too. Today you can’t really profit of of depeg because it’s you have to atomic exchange into sXXX in order to enter pools on that side or run big enough swaps through to rebalance