RariCapital

Summary: The Rari Treasury has $15k inside of it. There is more than 112k $RGT allocated for Loopring rewards to be spread across the coming years. Loopring users are only dumping $RGT. I propose that we redirect the Loopring rewards to the treasury and remove the vest, enabling the Rari DAO to utilize the $RGT effectively for blitzscaling operations.

Background: The Rari Treasury address can be found here: https://etherscan.io/address/0x10db6bce3f2ae1589ec91a872213dae59697967a

You can view details about the Loopring Liquidity Mining Program here: https://medium.com/loopring-protocol/loopring-l2-liquidity-mining-round-4-40661e9f88d7

Abstract: The whole initiative behind the Loopring collaboration was to enable anyone to purchase an allocation into one of the Rari Pools at a low cost (because of the discounted gas on an L2 environment). However, this collaboration has seen NO retail engagement. Additionally, the $RGT that the DAO is spending in liquidity mining (to make this possible, by creating liquid markets) is just being dumped by whales as the rewards are mined.

The team is doing amazing things.

I believe that we should empower the DAO to make larger decisions, better decisions and enable them to pursue the things they want. The team should not be worried about audit costs, scaling costs or anything, especially considering that they have never done a fundraise.

Motivation: Let’s do this proposal to help the protocol grow significantly and remove the upper bound in terms of resources that the team was previously limited to. Additionally, let’s stop those Loopring whales from dumping.