[Proposal] Replace Borrower Incentives with Referral Program

Original Author: Ryan Rodenbaugh Forum Proposal: https://forum.truefi.io/t/proposal-replace-borrower-incentives-with-referral-program/651 Earlier Forum Discussion: https://forum.truefi.io/t/idea-replace-borrower-incentives-w-referral-program/619

Summary

1. Eliminate the ‘[borrower incentives] ([Proposal] Growing Borrower Activity with TRU Incentives)’ (rate subsidy) for all future loans.

2. Use the remaining 593,010 TRU allocated towards that use for a referral program to bring on new borrowers.

3. Pay 39,534 TRU to any borrower that refers another borrower that qualifies for and originates a loan of at least $500,000