SIP-4: Partnerships - RulerProtocol.com

We want to have vETH2 as collateral on Ruler. What does that mean? You can stake ETH for vETH2 and then deposit your vETH2 on Ruler to borrow against it. (example you can borrow DAI to go farm somewhere else).

What is Ruler Protocol? Ruler Protocol is a lending platform where users can borrow their preferred cryptocurrency with any other asset. It aims to fill the gap by enabling the following: -No liquidations -Supply and demand determine interest rates -Fungible, tradable loans

How does it work?: -Lenders - Provide DAI and mint rcTokens -LPs - Provide 50% DAI/50% rcToken to the SushiSwap pool -Borrowers deposit collateral and receive RC & RR tokens - they sell the RC token for DAI.

• Borrowers must pay back their loan with by or prior to the expiration with both the rrToken you have and the same amount of DAI.
• Lenders and LP can collect DAI at the end of an expiration with their rcToken - 1:1. -If a loan is not paid back the collateral if forfeited and the lenders will share the forfeited collateral and any DAI paid back.

Any risk to the community? Audits - Peckshield and Certik have performed the audits- https://docs.rulerprotocol.com/security TVL - $97M

Want to learn more? https://docs.rulerprotocol.com/ https://docs.rulerprotocol.com/user-guide/borrower

Options(No required min $ amount):

1. Provide initial liquidity for an LP by selling SGT (Impermanent Loss is almost none) from the treasury thus providing a rug. Do not dispense SGT rewards.
2. Use both treasury funds and allow users to provide liquidity on Ruler. Reward LPs with SGT (our governance token). These pools will earn SGT + Ruler.
3. Use funds provided by the community for an LP so we don't have to dilute SGT from the treasury. Dispense SGT+Ruler rewards.

For all options you will receive Ruler rewards for being a LP.
For option 2 & 3, the pool will provide dual rewards and we don’t need to sell SGT from the treasury for liquidity. For options 1 & 2 where the treasury is utilized, Ruler rewards can be used to buyback SGT for price support.