Rari Capital
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Rari Capital

Rari Capital’s Week #29 Track

Under the hood of Rari Capital this past week.

You have arrived at the 29th 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

  • TVL over $380,000,000
  • New Fuse Pools: mStable Pool
  • Fuse Pools coming soon: Badger, Yam, and Gelato
  • Tetranode’s Locker passes $200,000,000 in supplied liquidity
  • 3-year tokenomics plan executed through on-chain governance

💸 Financials (at time of writing):

Fuse Real-Time Dashboard: https://metrics.rari.capital/d/NlUs6DwGk/fuse-overview?orgId=1&refresh=5m

  • TVL: $384,654,318
  • Unclaimed fees (Fuse): $201,000
  • Unused reserves (Fuse): $209,000
  • Estimated monthly fees (Fuse): $105,000
  • Staked ALCX: $36,800
  • Total RGT supply: 12,500,000
  • USDC Pool APY: 19.35%
  • DAI Pool APY: 18.33%

mStable Fuse Pool

Are you an mStable user? You can now lend and borrow all of the mStable tokens directly on Fuse! Fuse Pool #30 is controlled and operated by the mStable DAO: https://app.rari.capital/fuse/pool/30

Tokenomics

After several weeks of discussion within the community and on the public forums, the DAO has successfully minted 2,500,000 RGT from a passing on-chain vote. This RGT was minted directly into the RGT Reserves Treasury and will be used for long-term sustainability and rapid growth within task forces.

Education Task Force

As task forces start to ramp up, we understand one of the major barriers of entry into DeFi and especially Rari Capital are the lack of educational materials. The education task force was created in hopes that the community comes together to build and create materials used to onboard the next billion users. There are no technical skills required and if you would like to contribute, please introduce yourself in the “Education” channel in our Discord.

Audit Updates

The Rari Capital developers have been working extremely hard getting all recent products/features to our audit firm, Quantstamp.

We are about to release the updated Fuse comptroller that will support:

  • Asset supply caps
  • Liquidity mining for Fuse pool owners
  • Permissionless pool creation

as well as many more developments on the way!

Refreshed Portal Beta

While I won’t say too much now, our frontend lead is preparing to launch the new beta of the new portal (beta.rari.capital).

Once it is ready for the testing stage, we will hold community calls for feedback and testing!

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

→ Jack (Twitter: @JackLipstone)

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The information provided in this Medium Post pertaining to Rari Capital,
Inc. (“Rari Capital” or the “Company”), its crypto-assets, business assets,
strategy, and operations, is for general informational purposes only and is not
a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Rari Capital and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Rari Capital expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Rari Capital reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Rari Capital nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

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Rari Capital enables individuals everywhere to access financial technologies previously limited to an elite few.

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Jack Lipstone

Jack Lipstone

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