This proposal seeks to have the community validate the team's wish to incentivize the Rari Capital Pool 127 (0xb1's Kitchen Sink), with 2,000,000 FODL over 1 year.
As https://app.rari.capital/fuse/pool/127 is the only place to borrow FODL/xFODL, it provides a unique opportunity for:
Fodl farmers wishing to lock in their vesting rewards amount at a certain price to borrow Fodl in order to sell early/short it, and repay with vested rewards later. This action reduces the risk to farmers posed by 12 month vesting on rewards. Such a de-risking should intern attract more TVL to the platform and ultimately platform revenue.
FODL/xFODL holders wishing to leverage their holdings and free up liquidity without having the exit their stake in Fodl.
Incentivizing the Rari Capital Pool 127 with FODL will make the pool more attractive over other Rari Fuse Pools to stablecoin and ETH suppliers, as well as provide a boost in reward to those supplying xFODL to borrow.
Team proposes to take this 2m FODL from the FODL Grants pool https://etherscan.io/address/0x3cc5dae887fc44f17d24fae0c6031a816aec420c