This is a great idea!
Love this idea! Massive opportunity to convert any earnings mStable’s collateral makes and push that to a APY, yearn style.
Let’s liquidate those COMP
The Liquidator has been deployed and the upgrade for 3 affected contracts is now pending in Governance by the core team.
- Addition of a Liquidator module to sell $COMP (or $LEND) for mUSD (first Uniswap, then Curve)
- Upgrading of CompoundIntegration to allow liquidation of COMP
- Upgrading of SavingsManager to allow mUSD proceeds to be streamed to SAVE
Proposed upgrades have 1 week until they come into effect.
- MIP: https://mips.mstable.org/MIPS/mip-2
- Code: https://github.com/mstable/mStable-contracts/pull/113
- Liquidator: https://etherscan.io/address/0xb7c77da6e0a8b4f63384fce953327af59c0d5b9d https://etherscan.io/address/0xe595D67181D701A5356e010D9a58EB9A341f1DbD
- CompIntegration v1.2: https://etherscan.io/address/0xb7f724a2316d2926e1a868957273314cabaa1970
- SavingsManager 1.2: https://etherscan.io/address/0x7594ae023979e30a44a2ebff64b7c82de3e46136
The Liquidator was approved:
And deployed earlier this week: