At least from my perspective there would be demand. There are incentives to take money I usually would keep safe (“cant-afford-to-lose”-type of money) for decentralized loans on the dex as this makes more sense than getting -0.5% on the Bank Account and I have no middle-man-risk as with Nexo or other platforms.
But in Order to do so, I would personally want to minimize my risk, and as USDT is unaudited there is an unpredictable risk coming with it. It could work fine for the next 2/5/10 years…but even if the probability of all being fine is 99% I wouldnt take that kind of money even to a 1% risk of losing. I might personally over-estimate this though and see the - at least for the time being - issue of usdc not being as much in demand (maybe Dai or usd-n might be an alternative?)
While talking about it - I think adding at least BTC/ETH as lending tokens (not only collateral for borrowing) might make sense as well… Dont know what the green uniswap will be going to offer but I think decentralized loans on TomoDex could use more pairs as this is just huge - at least top10 or those that are listed on the dex already?
Coming from taking a look at Nexo where I could get a fixed 5% APR for lending my BTC or ETH holdings. But would have to deposit them first and being able to do such directly from my mobile/cold wallet without the risk of a middleman would make TomoDex…more awesome and at least give the possibility to take a step towards compound finance market shares
(Besides the fee issue I discussed a few weeks ago but saw that youre on it at least for the cancellation topic )