Using the previously deposited 3M MNTA as collateral, borrow 20K USK. Now it's relatively good timing for borrowing, given a favorable utilization rate in USK vault at 57% and Interest Rate at 7.6%.
Borrowing 20K USK will be resulted in the following debt position: 6.81 % of LTV, Liquidation Price 0.01 USD.
If there is a huge MNTA price drop (x2-3 times from the current level), MNTA collateral will be added to the debt position.
Even if the average annual Interest Rate for USK borrowing will be around 20%, that would mean extra 4K USK of debt annually from 20K USK of borrowed amount. This can be compensated by putting 1M of extra MNTA as collateral if MNTA price is the same for the next year, which is unlikely.
Borrowed 20K USK is proposed to be used for increasing wstETH/MNTA POL for another $40K, making it ~$80K in total. This will allow people to do ~$400 trades with the lowest slippage possible, making MantaSwap competitive to Osmosis in terms of wstETH trading.
Discussion was here https://discord.com/channels/1095005002201833495/1129737472847392778