Supporting mALGO on Folks Finance as lending collateral should be a no-brainer for the community. mALGO can always be redeemed at a known rate for ALGO. Thus, there is no dependency on DEX liquidity.
If you support this idea, then please express your support. Let’s put this up for a community vote.
Imo we should wait for a finished audit (yes i know they don’t lead to a completely safe product but they enhance security at least a bit) since it’s a very new product
mALGO audit is now done. Time to add mALGO into platform?
should wait what they have to say about the centralization risk but besides that it should be a great asset to support