Hi! Thinking about ReFi and holding assets with claims on RWAs (real world assets). What about a dual-tier reserve with illiquid assets used for (a) over-collateralization (not saleable against Mento smart contract) and (b) windup payouts (to payout pro rata to small stableholders in the event of collapse, as it would take months to liquidate)?
When thinking about a death spiral we should also think about protecting RWAs (unmined copper, forests, coral) from market fluctuations.
Looking forward to your thoughts and I’m happy to elaborate further.