Another thing to note here is that bad debt in crypto can just as easily swing back the other way. A bad loan today could see the collateral go x2 tomorrow and all of a sudden the CPD is back in the green.
It would be very interesting to see several algo coins form a credit union of sorts and allow their tokens to be minted by collateralizing other tokens within the union. This would stabilize every token within the credit union in a decentralized robust way.
There certainly can be ways to basket different coins or tokens together.
Of course, with HBD, my view is simply build robust use case by hitting on all the major components, and we will have something fairly stable.
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