#IdeaContest--Lending Pool
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Greetings!
As a proposal for improving Lending Pools, I suggest the following:
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Simplify Parameters: Lending Pools often have complex parameters that can be difficult for users to understand and configure. By simplifying the parameter configuration process and providing users with easy-to-understand visualizations of how changes to parameters will affect their loans, we can make it easier for users to manage their loans and make informed decisions.
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Notification/Warnings: Most users are not able to monitor their loans 24/7, so implementing some type of notification or warning system would be useful. Specifically, we could set up a system that sends an email or notification to users when their loans are at risk of being liquidated due to changes in the market or their loan-to-value ratio. This would help users avoid losing their collateral and give them more time to adjust their loans.
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Flash Loans: To provide more flexibility and options for users, we could enable flash loans for a small amount. This would allow users to take out a loan, leverage their position, or change their collateral with just one transaction. Additionally, users could pay off their debts with collateral in a single transaction. This would streamline the lending process and make it easier for users to manage their loans.
By implementing these features, we can make Lending Pools more user-friendly and accessible, while also providing users with more options and flexibility. Thank you for considering this proposal.
Shiba
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@godofshiba It may be worth considering utilizing flash loans from Pancake Swap rather than creating your own. This approach can potentially offer the same benefits without the additional resources and time required to develop and maintain your own flash loan system.
