This proposal appears on TrueFi's forum.
Summary
TAM is proposing to utilize idle capital from the Flagship Portfolios to:
- Inform TrueFi’s general product development roadmap;
- Explore new opportunities to originate and deploy digital assets; and
- Build a critical mass of volume to attract qualified lenders and independent portfolio managers seeking to launch their respective strategies on TrueFi.
TAM is seeking approval from the TrueFi community to commit to provide $100 million in funding from the Flagship Portfolios to be called in $5 million requests with the following stipulations:
- Loans to TAM to be made from Flagship Portfolios with the lowest current utilization, i.e., idle funds.
- Loans to TAM will be priced based on prevailing market conditions subject to a floor of 8.0% and max cap of 10.0%.
- Loans to TAM shall have an average term between 180 and 365 days.
- TAM shall not be entitled to any TRU incentives that may be approved by token holders for the purpose of raising new outside investor capital.