Rake Capital proposes to build Rari on Polygon with 50% of $RAKE transferred to Rari DAO.

Rake Capital proposes to build Rari on Polygon with 50% of $RAKE transferred to Rari DAO.

Background Rari's Grant Station has requested clone-chains to be built and maintained with profit-sharing of revenues and token-distribution back to Rari. The following is a proposal by Rake Capital to build a clone-chain on Polygon. The team behind Rake Capital has its background in product development, management and crypto. The Rake team has been in contact with members of the Rari team to discuss such a clone.

Abstract The proposal is as follows: 50% of Rake tokens will be held by Rari DAO. The other 50% will be utilized to create an autonomous and independent entity called Rake Capital, with its own community, roadmap and governance. The first product to be brought to the Polygon-clone is the Fuse Protocol, with other products being deployed over time. Further, Rake will make considerable changes to the UI (simplify the product), explore new use-cases by being built on Polygon and improve the core-functionality of the Fuse protocol. Also Rake will craft educational content, marketing material and growth strategies for increasing the amount of pool creators and the locked liquidity. The Rake team will work closely with the core Rari team for developing the technical roadmap, knowledge transfer and collaboration on growth-efforts (which has already been started).

Motivation Leverage Polygon's infrastructure to realize the full potential of Fuse protocol. Unlocking massive value for both Rari DAO and Rake Capital via increased number of pools and absorbing a significant portion of locked liquidity in Polygon ecosystem. The Polygon Clone may become a venture for developing new exotic DeFi products.