[RFC] Proposal to onboard Kelp’s hgETH to the Mainnet Higher Risk ETH strategy

[gonemultichain]

We thank @BlockAnalitica for this assessment.

@BlockAnalitica

The analysis also references an OTC loan edge position taken against a looped Maple Finance position. This specific item is not independently verifiable from the materials reviewed, but it supports the broader point that the strategy can introduce non-standard and harder to programmatically/numerically audit exposures.

We are soon going to be implementing Accountable, that will give full visibility, real-time, about each dollar deployed on each strategy, both onchain or offchain.

@BlockAnalitica

However, it may be possible to whitelist other ARKs where hgETH is accepted as collateral with limited caps, for HR fleets, and this can be considered in future assessments.

We take note of this consideration, as there is appetite to borrow ETH against hgETH both in Morpho and in Compound, and the yield would be compelling for Summerfi (estimated 4%).