FixedForex.fi, governed by $KP3R, an Andre Cronje project currently offers the ability to complete one-way swaps from $MIM to any other $ibStable asset (such as $ibEUR, $ibCHF, $ibGBP, etc.) at 0 fee and 0 slippage. This feature is live and active over on the fixedforex.fi site.
I propose that this functionality is integrated into the front-end of the Abracadabra platform so that any user taking out a loan in $MIM has an immediate option to convert to a stable in users local currency, an option that would appeal to non-US based frogs that don’t want to content with local/USD exchange rate risk.
This would benefit the users of this platform & the team at fixedforex.fi in the following ways:
Allow users to gain immediate access to non-USD denominated stables
Prevent users from having to utilize alternative lending platforms in search of non-USD stables
Brings 0 fee, 0 slippage swaps to a wider audience/bigger userbase (as Abracadabra sees more traffic than fixedforex.fi)
Helps continue the blossoming partnership between Daniele & Andre
This would also benefit the team at fixedforex & $KP3R since it helps increase circulation of ib*stable assets, an objective goal of that team as they seek to offer on-chain foreign exchange swaps