Uniswap V3 LP Position as Collateral for Loans

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Background

My original plan with half of the treasury funds was to let it accrue fees in the ETH-USDC Uni V3 pool. If the price of ETH goes below the bottom of the range, $1000/ETH, then I would move the funds into a Liquity trove and extend our runway (assuming the price of ETH increases over the time frame of running up the credit line.

For better or for worse, the price of ETH seems to be recovering and it never went below the LP range during the 1.5 months I've had the LP position open (now we're in profit!) I still think that we have a fair amount of time for ETH to range below $2000, which makes me wonder if borrowing off of the position will ever happen.

Idea

Since we have the Ubiquity Dollar, how interesting could it be to accept Uni V3 LP positions that match certain parameters (underlying assets are ETH/RAI/LUSD etc) to mint?

I'm not sure of how complex it would be to implement the Uniswap Router fully on chain and permissionlessly, but it would allow us to derive the dollar value of the position easily. We could even consider conservative collateralization ratios (150%+) to accomodate for the additional complexity of withdrawing and liquidating both assets.