Concept, no promises: wBLT-(bluechip) lending market… It offers something to all BMX ecosystem participants, specifically focused on capturing LPs and capital allocators/funds who don’t want to directly provide wBLT or wBLT-(bluechip) LP token liquidity, but are comfortable providing USDC to borrowers using it as collateral. Example Characteristics: -wBLT/(bluechip) LP tokens as collateral -borrower auto-repayment in BMX tokens enabled from BMX tokens earned on Deli Swap (from the collateral position) -lender paid in BMX tokens, can opt for USDC minus a fee (directed to stakers) -LTV Example: 50% to start Two options: -Fixed rate, fixed term, fixed repayments (could be daily, weekly, or monthly payments) -variable rate, variable term, 1 monthly payment What does this product offer? For the Protocol/BMX stakers: enables more users to earn within the BMX Ecosystem who otherwise aren’t able to now. Attracts liquidity by enhancing capital efficiency, which drives core product volume and fees. For Borrowers: maximize capital efficiency and net earnings throughout the BMX ecosystem. Creates a self-repaying loan using future expected fees, 100% bluechip collateral (wBLT-bluechip LP tokens) that is actively productive within the greater onchain/BMX economy. For Lenders: Offers a USDC product that can likely generate competitively higher APRs than other USDC lending markets, understanding risk may be higher but generally isn’t regarded as absurd to any measure, given a wBLT/USDC LP collateral token is underlying 75% USDC and 25% BTC/ETH, for example. It’s productively generating fees as perpetual market making liquidity on BMX Classic as well as on Deli Swap, then collateralized. Instantly redeemable or mintable, via any major aggregator. I suspect we can use @MorphoLabs for most of it. Would want to display markets onto our own UI/UX offering lending for BMX ecosystem assets together with our other products and utilities. Overall, what do you think?