Start the risk assessment and implementation of Credix proposal

Credix posted a RWA proposal collateralizing VAI with a $20 million investment in Real World Assets (“RWA”) via its Liquidity Pool (“LP”), which is comprised of a diversified set of senior-secured structured debt facilities issued to emerging market FinTech lenders. The LP invests across the senior tranche of a basket of deals (currently 20) live on a Credix Marketplace with a targeted 12.0% APY. Principal and interest payments are made solely in USDC.

As already approved, Steakhouse will help Venus on assessments and RWA implementation. Steakhouse has met with Credix team many times and consider their proposal interesting. Credix team feels strong and the asset class is interesting. To be clear we don’t have an opinion yet on the proposal, that would be the result of the assessment. But we are interested to do an assessment on the Credix proposal and report to the Venus community.

Should the community approve this snapshot, Steakhouse will work with Credix to perform the assessment and solve any RWA-issue along the way. The goal is to provide Venus community with an assessment and an implementation plan. Then, the Venus community will have the opportunity to vote on execution or not.

For the complete details of the proposal, please see the link below.