New Lending Site/Dapp. Help alleviate some pressure for MIM replenishments

Hello Frog Nation,

Huge fan of what the Frog nation is trying to do with this incredible ecosystem. I wish to create a site/dapp to become a lender lending out mim. I understand the minting of MIM is carefully controlled to make sure that MIM is properly pegged.

Although my site would be considered a “competitor” to Abracadabra it would be structured in a way to not be a direct competitor. My plan is to charge higher fees, and set high liquidations fees.

I would bring in USD to purchase the MIMs and take the collateral risk on myself. Hence the need for higher fees.