RariCapital

Intro

As extensively discussed with the Rari team and community, we’d like to propose the deployment of Fuse Pools on alternative L1s. The basis for the proposal has been discussed extensively in the Rari Forums link, and consists of the following points:

• Allocation of 25% of tokens to the Rari treasury

With the rest of the token allocation will be used for liquidity mining, team compensation, investors, marketing, treasury, etc.

Abstract

The Midas team plans on deploying the Fuse framework to BSC, and assuming community interest, as well on AVAX and Solana (via Neon Protocol).

With the goal of keeping incentives aligned with the Rari community, we commit ourselves to give back to the Rari project in the form of technical execution and protocol improvements, leveraging our combined extensive experience in traditional software development, web3 and tokenomics.

Please refer to the forum post for team background, and the specific initiatives we aim to target for continued engagement with the Rari community and project improvements.

Motivation

Our team members are huge fans of the Fuse Pool architecture. We are convinced that permissionless lending pools are an essential DeFi building block. We want to use the opportunity and infrastructure that Rari has built and help push it further onto other chains, while actively contributing back to the main Rari codebase. We plan to work closely with the Rari team on further development/research initiatives.

The original forum post and comments contain more in depth information about our motivations around this project.

We want to thank the Rari community and the Core contributors for their continued support through this process!