In a few hours COMP will be a collateral type on Maker with a 3% risk premium and a 175% collateralization ratio. This opens the door to a pretty simple strategy for people who are long COMP and wish to farm more COMP.
Deposit COMP into Maker vault (using yETH safety parameters and unwinding mechanism), mint DAI to deposit into Compound, harvest COMP and recycled back to the Maker vault to propagate the cycle. The ecosystem would benefit from reducing gas costs at scale, and wouldn’t have to worry about liquidations, because we could ask Maker for the OSM for COMP.
Pretty boring strategy, but maybe that’s exactly what we need right now