I see there’s still around $100k in renfil deposited, with $90k of this lend out. While the amount is fairly small, remaining renfil depositors may end up losing all of their money when ren v1 is sunset because the existing interest rate model is insufficient to incentivize repayment or force liquidations within the next 2 weeks. For users with outstanding renfil borrows, the rational course of action may be to wait out the next few weeks of high interest and then buy back renfil on the cheap to close their loans once redemptions are disabled and the token becomes worthless.
Would it make sense to bump up the interest rate model on renfil to ensure all positions get closed or liquidated before the planned shutdown of ren v1 protocol? It looks like 2/3 of the pool is borrowed by a single account that is relatively close to liquidation, so higher borrow costs could potentially bring in a decent amount of liquidity to enable withdrawals.