Rari Capital’s Week #20 Track 🏎
Under the hood of Rari Capital this past week.
Give it a read and reach out with any questions! 👏
💸 Financials (at time of writing):
Fuse Real-Time Dashboard: https://rari.grafana.net/d/44n5PTlGk/fees-reserves?orgId=1&refresh=5s
- TVL: $111,182,563
- Total fees generated to this date (Yield Aggregator): $255,926.11
- Unclaimed fees (Fuse): $43,000
- Unused reserves (Fuse): $77,900
- Estimated Monthly Fees (Fuse): $95,700
- 24/hr Fees (Fuse): $2,970
- Staked ALCX: $129,000
- Foundation donations: $17,713
- Burned RGT: 0
- Total RGT supply: 10,000,000
- Stable Pool APY: 18.37%
- Yield Pool APY: 9.95%
- ETH Pool APY: 7.92%
💻 Development
- On-going Fuse update regarding permissionless pool creation (shared from previous weeks)
Over the last couple of weeks, we have seen an increase in trusted partner created pools, and the majority of the TVL growth has been through non-Rari Capital DAO managed pools! This is a remarkable achievement as it shows us the importance of permissionless pools that use the DAO pools as a baseline for strategy advice. As mentioned previously, we are planning on holding off on fully permissionless pool creation until we reach the following thresholds:
- Uniswap v3 Launch for Oracles
- Updated version of the RSS that will enable for better and more detailed risk assessment
- One more audit
- More detailed/informational onboarding for users who want to create a pool
- Risk messages all over each user generated pool
This is the overall message across all core contributors, but if you feel otherwise, let’s discuss in the Discord. As soon as the community believes we are ready to open up the full power of Fuse, then we will post a proposal to the forums and Snapshot to begin this process. In the meantime, we will continue to prepare everything on the backend for this significant update that I expect to arrive within the next month.
Becoming a trusted partner is a relatively simple process, and I encourage you to review previous forum posts and write your own here. By being a trusted partner, you have full range to create and deploy your own Fuse pool!
New oracles
We recently allowed support of CRV LP tokens and CRV gauge tokens, menaing you can now add these positions to a Fuse pool to use as collateral! Alpha Homora LP tokens have been officially integrated and we can expect to see Yearn Vaults arriving very soon.
🏁 Essentials
Earlier this week, Sharad pushed a new page on the portal live called “Positions.” This new dashboard provides users’ easy viewing of positions across all products in the Rari Capital ecosystem.
The Rari Capital yield aggregator is now deploying capital into Fuse pools! This allows earn pool users to earn the highest yield possible, while allowing Fuse pool users to achieve the liquidity necessary.
🗳 Rari Improvement Proposals (https://vote.rari.capital/#/)
- RIP-29 (Fuse): Add a Euro/Dollar pool
- RIP-28: Engage Horizons Law
HAVE A GREAT WEEK!
-Jack (Twitter: @JackLipstone)
To learn more about Rari Capital, visit rari.capital. Stay connected and follow us on Twitter or reach out to help@rari.capital! If you’d like to chat, send us a message on Telegram or Discord.
