[Proposal] Seed Precession Portfolio from DAO Flagship Pools

Summary Proposal Precession has submitted a forum proposal describing our Small Business Receivables Pool 1 10 . We are hereby requesting the TrueFi DAO consider directly funding a ‘super senior’ tranche in the pool. We believe the risk profile of the super senior tranche is sufficiently low, providing a high level of stability for the TrueFi DAO treasury. Such a structure may also be used as a template for future transactions and allow the DAO to capture the benefits of subordination to enhance the collateralization of TUSD using real world assets.

Structure With the TrueFi DAO as a super senior lender, other TrueFi community lenders may also participate and earn an enhanced yield. Subordinate or First-Loss capital will be provided by Precession, which will enhance both the Super Senior and Senior lenders from the TrueFi community. (see diagram below)

Economics We request a loan in the amount of $7,000,000 at a 5% fixed rate.

Additional Information: https://forum.truefi.io/t/request-precession-super-senior-funding-request/997