RIP-16 (FUSE) Add INV to Fuse Pool 3
Summary:
This proposal is to request the addition of INV to Fuse Pool 3 as collateral and borrowable asset.
Background:
INV is the governance token of Inverse.Finance, a growing ecosystem of financial protocols including:
-
DCA Vaults: passive no-loss investment in any token by following a Dollar-Cost Averaging strategy using stablecoin yield.
-
Anchor Protocol: a money market protocol similar to Maker, Compound and Synthetix that facilitates capital efficient lending & borrowing via the issuance of tokenized synthetic credit (eg DOLA) & non-synthetic credit (eg supplied tokens).
Holders accumulating INV can participate in the governance of the Inverse.Finance DAO.
The INV token address is 0x41d5d79431a913c4ae7d69a668ecdfe5ff9dfb68 on the Ethereum mainnet.
Abstract:
Adding the INV token to Fuse Pool 3 as a collateral and borrowable asset diversifies the protocol’s offerings to its user base.
Proposed market parameters:
- IRM: cream - speculative - + 25% (reference RIP-13)
- Collateral factor: 35%
- Reserve Factor: 30%
Motivation:
Strong demand for holding this token makes it an excellent choice as a collateral and borrowable asset.
– Rari Capital would become the second protocol to allow the collateral use of INV. – As of the time of writing, there are 2,387 INV holders, circulating supply is 38,963 / 100,000, market cap is $37,931,715. – Primarily trades on Uniswap. Strong trading volume - an average of ~$2.5m every 24 hours (INV-ETH pool).
For:
The INV token is added to Fuse Pool 3 as a collateral and borrowable asset.
Against:
The INV token is not added.
Link to forum post: https://forums.rari.capital/d/41-add-inv-to-rari-capital-dao-fuse-pool
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0xf5C2...A3aDD1 | 239,374 | For |
0xf9c1...7D6eb3 | 83,034 | For |
0x32B9...59E0e9 | 78,731 | For |
0x532f...3F2DB6 | 78,631 | For |
0xbCb5...7768C8 | 63,405 | For |
VOTE POWER
Proposal Status
- Wed March 24 2021, 06:59 amVoting Period Starts
- Fri March 26 2021, 06:59 amEnd Voting Period
Current Results
1-For
736,179.003
2-Against
1,960.162
