Launching with gated vaults.

GM

Brahma.fi is grateful to the community and our depositors for the extensive support and feedback on our premier product. Closing fundraising and incorporation this month, we also paid close attention to user feedback and community suggestions. Following are the next steps the Brahma team proposes on the onset of our early-stage revamp:

What are we proposing: Launching gated vaults for the next few releases, only available to our Degen and Fren community in addition to highly experienced DeFi users. So we can iterate and launch faster, without waiting for formal review.

• The last time we checked, auditors are full to their brims, and audited vaults will be approved in Q1 of 2022. In the meanwhile, we will focus on making our self-audit full-proof by encouraging peer reviews and gated vaults will be created post peer reviews.

• We aim to experiment with high-risk strategies and emphasise on community participation for active strategy optimisation. We are looking forward to build alongside users with a high-risk appetite as it will help mitigate strategy loopholes and build momentum to ship faster in the long-run.

We are proposing the aforementioned ideas in order to gatekeep and safeguard DeFi users new to the space and launch faster.

TLDR; → Closing fundraising by end of the month and simultaneously ramping up the team. → Gearing up for gated vault launch before the end of the year and reserving access for frens and degens bearing in mind their risk-taking capacity. → We will also be leveling up the members based on our engagement metrics.