REP9: Sifu's Degen Pool for xRuler

Following the popularity of my "Degen Pool" for WETH, I would like to propose a second such pool for xRuler. This pool would offer ~70% LTV/CF for lending against xRuler. This means you can borrow 70% of your xRuler value, which is ~$250 at current prices. We would begin with an end of May expiry and 50 Ruler/week emissions incentive for lending LPs. As this pool is considered higher risk for lenders, I will personally manage liquidity by seeding and subsidizing as needed. Fellow degens are welcome to join me.

How this benefits borrowers: Users can borrow funds using one of the highest collateral factors available anywhere, with full price protection. There is no possibility of liquidation. As long as you repay the loan in time, you will unlock all of your xRuler collateral. Your xRuler will continue to grow in value while secured as collateral, likely at a much higher rate than your cost to borrow... Like a loan that pays for itself :D. If the price of xRuler at expiry is below the borrow value received, you are welcome to keep the borrowed stablecoins and force lenders to take your xRuler at a loss.