Rari Capital’s Week #26 Track 🏎
Under the hood of Rari Capital this past week.
You have arrived at the 26th Rari Track! This is my opportunity to share with the Rari Capital Racers and the overall ecosystem everything we have been up to this past week. Rari Tracks 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 reach out with any questions! 👏
Summary
- New Fuse Pools: Pendle Finance, Tetranode’s Locker, Index Coop, and Vesper Finance
- New documentation platforms released for developers and educating community members
- Rari Capital core contributors growing rapidly from grant program
💸 Financials (at time of writing):
Fuse Real-Time Dashboard: https://rari.grafana.net/d/44n5PTlGk/fees-reserves?orgId=1&refresh=5s
- TVL: $131,854,805
- Total fees generated to this date (Yield Aggregator): $282,753.08
- Unclaimed fees (Fuse): $92,500
- Unused reserves (Fuse): $122,000
- Estimated monthly fees (Fuse): $32,600
- Staked ALCX: $45,100
- Foundation donations: $17,713
- Total RGT supply: 10,000,000
- USDC Pool APY: 28.31%
- DAI Pool APY: 11.58%
- YIELD Pool APY: 11.58%
- ETH Pool APY: 0% (Pool paused due to exploit)
Tetranode’ Locker
Tetranode has recently updated its Fuse pool and has added:
- sOHM (Olympus DAO)
- FRAX (Frax Finance)
- LDO (Lido DAO)
- Staked ETH (Lido DAO)
- FEI (Fei DAO)
The addition of these assets into Tetranode’s locker provide an opportunity for users to utilize an array of asset for collateral, but the borrowing assets remain the same (stablecoins only). This pool is currently the third largest in liquidity, with over $22M supplied and $3M borrowed. Please note that, you will not be earning any yield for the assets that cannot be borrowed. Conversely, the high APY seen under sOHM is because you are still earning the rebase staking rewards from Olympus while having your sOHM in Fuse! This works the exact same way as the Olympus Pool Party.
Pool available here: https://app.rari.capital/fuse/pool/6
Index Coop Pool
Index Coop has recently launched their own Fuse pool controlled by their DAO! Are you leveraging on ETH using the ETH2x-FLI product? Or a DPI holder? You can now borrow a large variety of tokens against these positions!
Pool available here: https://app.rari.capital/fuse/pool/19
Pendle Pool
Pendle Finance, a protocol for buying future yield streams has opened up their own Fuse pool! You can now use OT-aUSDC22 and OT-cDAI22 (Aave and Compound yield bearing tokens) as collateral to borrow!
Pool available here: https://app.rari.capital/fuse/pool/21
Vesper Pool
Vesper Lend, a new primitive by Vesper Finance, uses Fuse as its base platform to provide a lending/borrowing solution for their users.
If you would like to read more about Vesper Lend and how Fuse is incorporated, please read here: https://medium.com/vesperfinance/vesper-finance-introduces-vesper-lend-beta-bb3673ae38ca
Pool available here: https://app.rari.capital/fuse/pool/23
For the past 8 weeks, the Rari Capital core contributors have been involved in the DeFi alliance. The team spent their weeks attending educational seminars and connecting with mentors. If you would like to watch a recording of Demo Day, you can find it here.
New Documentation Platform
Upon a signficant amount of community and user feedback, we have restructured our educational content website as well as documentation for developers looking to build on top of the Rari Capital protocol.
The following website replaces our Notion: https://info.rari.capital/
Developer documentation: https://docs.rari.capital/
Both of these websites can be found at the footer of https://app.rari.capital/
Rari Improvement Proposals
(https://vote.rari.capital/#/)
- Whitelist Stake DAO as Fuse Pool Admins
- NFT Proposal Commission
- Community Mod German + Translator
- Allowlist Harvest on Fuse
Thanks for reading, and I hope you have a great week!
→ Jack (Twitter: @JackLipstone)
Follow us on Twitter: @RariCapital
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