April 20, 2022
This proposed change only allows bad actors to take advantage of the market. Liquidity is important but should never come at the cost of less trustworthy mechanisms used as a stop gap. The problem will only exacerbate if you give irresponsible borrowers more to borrow or more aptly in this case an additional mechanism to borrow. Small investors and the market as a whole need your protection from the rampant issue of increasing borrowing with nothing to back it. This only treats the symptom and grants clemency to bad actors that are the cause for the market abuse