[TFIP-15.1]: Arkis as Tech Service Provider & Liquidation Agent

In light of Wallfacer's failed bid to renew its contract with the DAO, a fresh proposal is needed to economize DAO resources and expand the opportunity set for the DAO.

Arkis has been observing TrueFi DAO for some time now, and we are excited to help. We see TrueFi as one of the essential pillars of the institutionalization of crypto and broader adoption of credit as a vital financial primitive in crypto. In a market dominated by a yield maximization profile, TrueFi plays an essential role at the capital formation layer in accelerating the maturity of decentralized finance. We believe the current status of DAO is an excellent opportunity to band together and connect your expertise with ours. TrueFi Credit formation infrastructure, Arkis's collateralization and liquidation expertise and infrastructure, credit risk management of Cicada and Adapt3r's RWA tokenization capability.

Arkis proposes to serve as a tech service provider and Prime Broker/Liquidation Agent for TrueFi DAO, with a one-year commitment and six-month budgeting and review cycles. As of 27/08/2024, we are asking for remuneration of 13 million TRU tokens for the next six months of work.

A more detailed proposal outline can be found via the discussion link.