Rari Capital’s Week #27 Track 🏎
Under the hood of Rari Capital this past week.
You have arrived at the 27th 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: Harvest FARMStead, Stake DAO, Token Mass Injection, and BarnBridge
- Task force and roadmap unveiling
- On-chain governance using Governor Bravo with Tally is live
- Rari Capital Foundation donated to Khan Academy
- New informational website
💸 Financials (at time of writing):
Fuse Real-Time Dashboard: https://rari.grafana.net/d/44n5PTlGk/fees-reserves?orgId=1&refresh=5s
- TVL: $149,501,896
- Total fees generated to this date (Yield Aggregator): $290,672.67
- Unclaimed fees (Fuse): $115,000
- Unused reserves (Fuse): $154,000
- Estimated monthly fees (Fuse): $19,300
- Staked ALCX: $64,400
- Foundation donations: $12,713
- Total RGT supply: 10,000,000
- USDC Pool APY: 28.31%
- DAI Pool APY: 8.80%
- YIELD Pool APY: 11.97%
- ETH Pool APY: 0% (Pool paused due to exploit)
Harvest Finance FARMStead
Harvest Finance has recently launched their own Fuse pool and has so far drawn in over $5M of supplied liquidity. The Fuse pool has also opened up the first opportunity for Rari Capital liquidity providers on the Harvest Finance yield aggregator! Essentially, Harvest Finance is incentivizing USDC deposits in this Fuse pool by allowing users of the fToken (Fuse token) to deposit onto Harvest Finance for an added bonus of iFARM. If you would like to read more about this ongoing initiative, more information can be found here: https://medium.com/harvest-finance/harvest-ft-rari-borrow-stablecoins-against-your-ifarm-14f092b539d1
The main premise behind this Fuse pool is to give Harvest users the ability to borrow stablecoins against iFARM positions.
Harvest FARMStead Pool available here: https://app.rari.capital/fuse/pool/24
Token Mass Injection
Tokemak launched on August 7th, and within two days, we had a Fuse pool up and running. This pool allows TOKE holders to borrow stablecoins against TOKE positions. The next stage of this pool will be to evolve by adding tAssets. This means that users will be able to borrow against their staked assets on Tokemak to borrow stablecoins, while still earning all of the staking rewards! Once both of our development teams sort out techincal hurdles, we will be moving full speed on this integration! In the meantime, we are working very closely with the Tokemak team in developing collobrative opportunities for once the reactors are live.
Token Mass Injection Pool available here: https://app.rari.capital/fuse/pool/26
Stake DAO
Stake DAO has just launched their own Fuse pool! You can now utilize this pool to borrow against all StakeDAO tokens!As mentioned in their governance proposal, Stake DAO plans on deploying at least $10M in liquidity directly from their treasury.
StakeDAO Pool available here: https://app.rari.capital/fuse/pool/27
BarnBridge Pool
BarnBridge is now officially listed on its first open interest rate protocol! The BarnBridge DAO maintains full ownership of this pool and is in the process of working on several proposals to seed the pool with liquidity and integrate jTokens!
BarnBridge Pool available here: https://app.rari.capital/fuse/pool/25
Task force System Unveiling
Taskforces allow for a large ecosystem to be built around Rari Capital, while keeping a decentralized narrative. Instead of me explaining it all, below you will find links to our recent articles and updated documentation.
- The Future of the Rari Capital DAO: https://medium.com/rari-capital/version-2-the-future-of-the-rari-capital-dao-9d2c37027752
- The Roadmap for Various Rari Capital DAO Task forces: https://medium.com/rari-capital/the-roadmap-for-various-rari-capital-task-forces-716039e841ee
- Updated educational documentation to highlight DAO changes: https://info.rari.capital
Rari Capital Foundation with Endaoment
Although this partnership began a while ago, we are very excited to announce that our first donation was just received by Khan Academy. In November 2020, we announced that a portion of our fees at the time would be directed to the Rari Capital Foundation, a DAF managed by the RGT holders. In June 2021, our community came together to discuss and vote on where the first $5k donation should go from the $17k foundation that was funded late last year.
We are very proud to announce that Khan Academy has received the grant and is very thankful for the Rari Capital community! It is now time to discuss where our next donation goes, and the first part of the process has already started on the forums: https://forums.rari.capital/d/138-rcf02-choosing-our-next-organization-for-the-rari-capital-foundation/2
New Rari.Capital Landing Page
It certainly speaks for itself, so go check it out today and share with everyone you know! https://rari.capital
Thanks for reading, and I hope you have a great week!
→ Jack (Twitter: @JackLipstone)
Follow us on Twitter: @RariCapital
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