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Rari Capital DAORari Capital DAOby0xbE8564b4CcC870d4D5e2Dee0F6c37d0796e306560xbE85…0656

RIP-2 Alternative methods of driving value to $RGT token without dilution.

Voting ended about 5 years agoSucceeded

Rationale: Offer a better and more useful product that would naturally create TVL before pandering to future mercenary farmers at the expense of current token holders.

A. Implement RGT tokenomics: Fee discount for farming on staking x amount of RGT. Amount of discount should be quadratically related to amount of staked RGT - ie the first 20% discount could potentially be 100 RGT, a full discount of fees would require 100000 RGT, scaling up exponentially in between. B. Remove burn, fees go towards a project treasury to be shared between stakers of RGT, paying team members a "salary", and potential future RGT incentives for certain strategies (without dilution). C. Staking RGT requires locking RGT in a contract for a set time period, this would be required to be able to vote in governance or claim staking rewards. D. Allow the public/market to create strategies on Rari between "trusted" lending platforms (starting with just Aave and Compound). Governance can vote on more "trusted" platforms as time goes on. With just Aave and Compound, for example, obvious strategies would be 0x or wBTC, the strategy would simply allocate to the higher of interest rates on Compound or Aave until deposit rates reach parity.

Off-Chain Vote

I support A only
4.79K 2.9%
I support B only
0 0%
I support C only
0 0%
I support D only
857.54 0.5%
I support A&B only
40.52K 24.5%
I support A&C only
27.18K 16.4%
I support A&D only
0 0%
I support B&C only
0 0%
I support B&D only
0 0%
I support C&D only
0 0%
I support A&B&C only
10.24K 6.2%
I support A&B&D only
20.12K 12.2%
I support B&C&D only
1.16K 0.7%
I support ALL 4
60.59K 36.6%
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Timeline

Dec 20, 2020Proposal created
Dec 21, 2020Proposal vote started
Jan 01, 2021Proposal vote ended
Oct 26, 2023Proposal updated