I started a discussion on yearn governance for KNC vaults. And a suggestion came up to accept xKNC as collateral on Aave so that axKNC can be further used to yield farm and increase the returns for KNC holders. This would help KNC holders get rewards from staking as well as yield farming. The rewards from staking are quite less right now.
Would it be a good idea to onboard xKNC as collateral on Aave?
Link to ygov discussion- https://gov.yearn.finance/t/proposal-add-kyber-network-crystal-knc-to-yvaults/2612