With the imminent launch of Aevo, this is a proposal for the Ribbon DAO to lend $1m to the Aevo Insurance Fund to bootstrap it, with the following conditions:
- $1m of assets will be lent, in USDC*
- At a rate of 10% APR, payable after 12 months
- Will be repaid in 1 year, with the option to extend (requires another governance vote)
- DAO can vote to rollover the loan