It was a really long post and it took a while to go through it.
I like the idea but it also seems like it would be a ton of work. You need a system to keep track of the collateral value of all assets and compare the value loaned out and their current positions. Since its always changing in near real-time, I expect there to be quite a bit of burden on the network.
If you do manage to get it working, let us know. It seems like a really interesting way of creating a stable coin and maintaining its value.
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