Add RGT and reduce platform fee for Pool #24
Summary
Add RGT as collateral at 60% LTV in the RARIxHARVEST FARMstead Fuse pool (#24).
Reduce the platform fee in Pool #24 from 10% to 7%.
Background
In a previous successful proposal, Harvest Finance was added as a Fuse pool creator. This resulted in the creation of Fuse Pool #24, Harvest FARMstead.
Harvest FARMstead has quickly grown to be the 6th-largest pool on Fuse. This growth has been accelerated by bootstrapping incentives provided by Harvest to USDC depositors and a Harvest community member’s creation and deployment of an innovative new stablecoin interest rate model (and associated PR to support IRMs with adjustable parameters).
Harvest would like to show appreciation to RGT holders by providing access to stablecoin borrowing enabled by Harvest’s deposit bootstrapping and the new IRM. In exchange, Harvest requests a reduction in the Pool #24 platform fee from the 10% to a partnership discount of 7%. Increased pool usage and collaboration on further Fuse improvements will more than make up for this fee decrease.
See the discussion in the forum →
Vote Details
FOR: Add RGT as collateral in Pool #24 @ 60% LTV and reduce the Fuse platform fee in Pool #24 from 10% to 7%
AGAINST: do nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xEF34...2306D2 | 6,859 | add RGT + reduce platform fee |
 0x0A74...Cf7a61 | 2,001 | add RGT + reduce platform fee |
 0xf286...F41456 | 946 | add RGT + reduce platform fee |
 0xDFE7...c42478 | 778 | add RGT + reduce platform fee |
 0x1300...Df9a85 | 412 | add RGT + reduce platform fee |
VOTE POWER
Proposal Status
- Sat August 21 2021, 04:00 pmVoting Period Starts
- Tue August 24 2021, 12:00 amEnd Voting Period
Current Results
1-add RGT + reduce platform fee
11,752.309