Rari Capital Newsletter: Week #2 2022
Under the hood of Rari Capital this past week.
Welcome to the second Rari Capital Newsletter of 2022! You are in the perfect place to learn about everything that the DAO has been up to this past week.
This is now my opportunity to share with the Rari Capital community and the overall ecosystem everything from my perspective as a contributor on the Rari Infrastructure Team.
Rari Capital Newsletters are designed to inform the community of the latest news, product launches, governance proposals, and more!
If you are interested in learning more about Rari Capital, follow our Twitter and join our Discord.
Give it a read and please reach out with any questions! 👏
Summary
- TVL: $727,043,145
- New Fuse Pools: Tribe ETH Pool
- FeiRari becomes the largest Fuse Pool
- Arbitrum deployment
- Redesign launch
- REPT-B Fei redemption
Financials
Real-Time Dashboard: https://metrics.rari.capital/d/NlUs6DwGk/fuse-overview?orgId=1&refresh=5m
- TVL: $727,043,145
- Unclaimed fees (Fuse): $1.50M
- Unused reserves (Fuse): $258,000
- Estimated monthly fees (Fuse): $83,100
- Estimated yearly fees (Fuse): $996,000
- Staked ALCX: $23,900
- Earned ALCX: $11,500
- USDC Pool APY: 2.09%
- DAI Pool APY: 2.78%
Tribe ETH Pool
Introduced by Fishy through “FIP-65: Tribe ETH Fuse Pool,” there was an approval to verify and whitelist Pool #146 and deploy a total of 2,500 ETH into the pool.
Pool #146 is now owned and operated by the Tribe DAO and creates utility for both wstETH holders and traditional ETH holders.
The deployment of 2,500 ETH from Fei’s PCV also provides a yield bearing intrument for the protocol.
Live link to Pool #146: https://app.rari.capital/fuse/pool/146
FeiRari Becomes Largest Fuse Pool
As of this past week, the FeiRari (Fei DAO Pool) has become the largest Fuse Pool with over $253M in supplied assets and $25M worth of borrows.
This pool allows the following token holders to earn single-sided staking on their holdings:
- TRIBE
- FEI3CRV
- D3
- G-DAI/FEI
While earning incentives on your collateral positions, you can also borrow FEI, ETH, and DAI.
Live link to Pool #8: https://app.rari.capital/fuse/pool/8
Fuse Enters Arbitrum Ecosystem
As of today, January 24th, Fuse is officially live on Arbitrum with permissionless pool creation.
Ever since our launch on Ethereum mainnet, we’ve been laser focused on finding product market fit before spreading to a cross-chain DeFi ecosystem. During this time, one of the consistent hardships was the gas costs for both pool creators and pool users.
Fuse is now deployed on Arbitrum with all of the same features and use-cases as Ethereum as well as new components such as:
- Uniswap V2 and Sushiswap Oracle Configurator (Mainnet and Arbitrum)
- Uniswap V3 Configurator (Arbitrum)
We are in the process of migrating this new dApp version to app.rari.capital, but in the meantime you can use https://rari.app/ to interact with the Arbitrum deployment and redesign!
REPT-B Redemption with Fei
If you were affected by the May ETH Pool exploit, you can now swap your REPT-B for the equivalent amount of Fei at this link: https://reptb-swap.vercel.app
Thanks for reading, and I hope you have a great week!
→ Jack (Twitter: @JackLipstone)
Follow us on Twitter: @RariCapital
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