We wanted to gauge sentiment on an idea for a proposal to the Anchor Community -
We propose adding support for ERC20 stablecoins such as Maker DAI.
Adding support for more stables will help new users bridge into the Terra ecosystem and diversify deposit assets.
As such, we’d like to signal support from the Anchor community in consideration of DAI as a deposit asset in Anchor. Further, we are simultaneously proposing that Maker create a peg stability module (PSM) for UST to improve access to and arbitrage of the stablecoin in non-native markets. We can link that proposal once it is live.
To limit risk to the utilization ratio, there could be a limit on Terra-DAI deposits up to a certain max cap.