Rari Capital’s Week #28 Track

Under the hood of Rari Capital this past week.

You have arrived at the 28th 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

• Updates made to Fuse pools: Tetranode’s Locker, Olympus Pool Party, ChainLinkGod’s / Tetranode’s Up Only, Harvest FARMstead, and Index Coop
• Rari Capital is now listed on the DeFi Pulse leaderboard
• 3-year tokenomics plan approved through Snapshot voting temperature check

💸 Financials (at time of writing):

Fuse Real-Time Dashboard: https://rari.grafana.net/d/44n5PTlGk/fees-reserves?orgId=1&refresh=5s

• TVL: $183,899,717
• Total fees generated to this date (Yield Aggregator): $297,664.10
• Unclaimed fees (Fuse): $132,000
• Unused reserves (Fuse): $168,000
• Estimated monthly fees (Fuse): $18,300
• Staked ALCX: $55,800
• Foundation donations: $12,713
• Total RGT supply: 10,000,000
• USDC Pool APY: 21.84%
• DAI Pool APY: 9.80%
• ETH Pool APY: 0% (Pool paused due to exploit)

Tetranode’s Locker

Tetranode’s Locker is now the largest Fuse pool in regards to total liquidity amongst suppliers and borrowers! This week, Tetranode added DOLA, the stablecoin from Inverse Finance. Now that DOLA has been added to the pool, we can expect to see Nour from Inverse write a proposal to the Fed Contract that will be automatically minting DOLA into this pool to provide more borrowing opportunities.

Secondly, Tetranode raised the collateral factor of sOHM to 76% to remain competitive against other Fuse pools and other protocols. If you have sOHM, you can now borrow against your position while still earning your staking rewards!

Tetranode’s Locker available here: https://app.rari.capital/fuse/pool/6

Olympus Pool Party

The Olympus Pool Party remains the largest pool owned by a DAO! This pool provides borrowing abilities for users who hold sOHM and are looking for exposure to stablecoins. This week, the Olympus team in charge of this pool added MIM for both lending and borrowing.

Olympus Pool Party available here: https://app.rari.capital/fuse/pool/18

ChainLinkGod’s / Tetranode’s Up Only

ChainLinkGod and Tetranode are continuing to grow their Fuse pool and have added DOLA as well to provide a home for freshly minted DOLA into the protocol straight from the Inverse Finance Fed Contract.

ChainLinkGod’s / Tetranode’s Up Only available here: https://app.rari.capital/fuse/pool/7

Harvest FARMStead

The Harvest FARMStead pool continues to thrive and is quickly moving up the Fuse leaderboard! Recently, the pool owners have added the iFARM UNI-V2 LP token as well as RGT to provide more opportunities to users looking to borrow.

Harvest FARMStead pool available here: https://app.rari.capital/fuse/pool/25

Index Coop

The Index Coop pool is consistently being developed and this week announced the addition of BED! Are you a community member of the Bankless DAO? You can now borrow against your tokens in this Fuse pool! Are you leveraging your ETH through the ETH2x-FLI product? You can borrow against that too!

Index Coop pool available here: https://app.rari.capital/fuse/pool/19

Rari Capital and DeFi Pulse

We are very excited to announce that Rari Capital is now listed on DeFi Pulse and is ranked at #35 on the TVL leaderboard!

Our DeFi Pulse detailed page can be found here: https://defipulse.com/rari-capital

Tokenomics

Rari Capital launched as a fair launch product and will continue to be a community driven protocol. The proposal to mint new tokens to the supply passed with 99.7% approval on a Snapshot temperature check this past Friday. It will soon be moving to an on-chain vote where token holders will vote for the final decision. More details can be found here: https://vote.rari.capital/#/rari/proposal/QmVicTJNufeLk3zbdDzfpxF1kLQ6rjDcTWnC8CxvnoSoK5

Thanks for reading, and I hope you have a great week!

→ Jack (Twitter: @JackLipstone)

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