NFTX-Vaults-as-collateral proposal

Forum post: https://forums.rari.capital/d/147-nftx-vaults-as-collateral-proposal

Summary: After deeper discussions with the Rari team, the NFTX core team would like to formally propose creating a new Fuse pool with PUNK, GLYPH, ETH, and DAI. The advised collateral factor for this proposal is set to 50%. All tokens can be lent and borrowed, enabling users of Fuse to long/short prime NFT categories. As all NFTX Vault tokens are provided on Sushi, a SushiSwap TWAP bot is set up that updates every 15 minutes by the NFTX Core team, with a redundancy bot, kept up in case of failure.

Abstract: Create pool with PUNK (CF = 50%) GLYPH (CF = 50%) ETH (CF = 50%) DAI (CF = 50%)

Motivation: Having a Fuse NFT liquidity pool (powered by NFTX vaults) available gives users the ability to use (fractions of) their NFTs as collateral for borrowing/lending markets, as well as generate additional yield from potential liquidations. This brings a new ecosystem of users (NFT holders) to the Rari protocol while adding additional value to NFTX users allowing them to do more with their NFTs.

Side note: The current selection of NFTX Vault tokens is based on a combination of TVL and the amount of NFTs per vault.

For a full overview on NFTX TVL, we have set up a Dune Analytics here: https://dune.xyz/nftx/NFTX-Dune-Dashboard-Protocol-View

For: Create this Fuse pool Against: Do not create this Fuse pool