RariCapital

The following proposal applies to the following: Yield aggregator, RGT, and Treasury

Summary All Smart Contracts related to Rari Capital have been controlled by a 2/3 multi-sig. Quantstamp has just completed an audit on our version of Compound Finance’s Governor Bravo. We are now ready to begin the first step of the migration process, and we will be starting with: yield aggregator smart contracts, treasury requests, and the RGT token. If you would like to learn more about the system, you can find more information here: https://compound.finance/governance/proposals/42

Once we have more security audits and infrastructure work complete within the codebase, the multi-sig will be transferring ownership of the Fuse codebase to on-chain governance. The Fuse smart contracts have been audited several times now, but for extra security during our continued safeguarded launch, we will continue using Snapshot for updates/upgrades as an intermediary step before fully transitioning to on-chain governance in the future (follow up proposal).

Background All governance vote signals are currently done through Snapshot and then executed by the multi-sig members if approved.

Abstract If this proposal passes, the multi-sig members will transfer off ownership of the yield aggregator, RGT token, and treasury to all of the RGT holders.

From this point forward, all smart contract upgrades to the yield aggregator, treasury requests, and deployments will all be handled through Governor Bravo on-chain system following a successful signal from Snapshot.

Motivation Migrating to on-chain governance will fully decentralize the Rari Capital protocol and community.

For: Start migration to on-chain governance Against: Don’t do anything and keep multi-sig