NFTX-Vaults-as-collateral proposal
Forum post: https://forums.rari.capital/d/147-nftx-vaults-as-collateral-proposal
Summary: After deeper discussions with the Rari team, the NFTX core team would like to formally propose creating a new Fuse pool with PUNK, GLYPH, ETH, and DAI. The advised collateral factor for this proposal is set to 50%. All tokens can be lent and borrowed, enabling users of Fuse to long/short prime NFT categories. As all NFTX Vault tokens are provided on Sushi, a SushiSwap TWAP bot is set up that updates every 15 minutes by the NFTX Core team, with a redundancy bot, kept up in case of failure.
Abstract: Create pool with PUNK (CF = 50%) GLYPH (CF = 50%) ETH (CF = 50%) DAI (CF = 50%)
Motivation: Having a Fuse NFT liquidity pool (powered by NFTX vaults) available gives users the ability to use (fractions of) their NFTs as collateral for borrowing/lending markets, as well as generate additional yield from potential liquidations. This brings a new ecosystem of users (NFT holders) to the Rari protocol while adding additional value to NFTX users allowing them to do more with their NFTs.
Side note: The current selection of NFTX Vault tokens is based on a combination of TVL and the amount of NFTs per vault.
For a full overview on NFTX TVL, we have set up a Dune Analytics here: https://dune.xyz/nftx/NFTX-Dune-Dashboard-Protocol-View
For: Create this Fuse pool Against: Do not create this Fuse pool
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x532f...3F2DB6 | 88,509 | Yes, create Fuse Pool |
 0xAbA9...7dE5e2 | 11,023 | Yes, create Fuse Pool |
 0xa4ad...c20D5d | 10,133 | Yes, create Fuse Pool |
 0x90bF...e7330c | 9,648 | Yes, create Fuse Pool |
 0x3cc5...651697 | 8,000 | Yes, create Fuse Pool |
VOTE POWER
Proposal Status
- Mon August 30 2021, 07:30 amVoting Period Starts
- Wed September 01 2021, 07:30 amEnd Voting Period
Current Results
1-Yes, create Fuse Pool
152,574.493