Proposal: Whitelist RGT (Rari Capital)

OLD GOV (LEGACY)
1

Hello Bancor community! I’m Jack from Rari Capital and below is my proposal to whitelist our governance token.

Proposal to whitelist Rari Capital
Contract address: 0xD291E7a03283640FDc51b121aC401383A46cC623
Project Website: https://www.rari.capital

Discussion
Rari Capital is a yield aggregator that aims to be the one-stop-shop in DeFi. As we continue to integrate strategies from within this ecosystem, we will also be building out our own suite of products. Our upcoming product, Fuse, is a market of money markets allowing anyone to deploy their own pools with custom assets, custom interest rate curves, custom oracles, and a lot more freedom that current money markets don’t provide.

Tokenomics
Rari Capital’s native governance token, RGT (ERC20), is used to vote on proposals formulated by the community through our Snapshot page. In the future with upcoming tokenomics changes, we will be exploring more utility for the governance token such as: staking, vote-locking, fee-discounts, on-chain voting, and more.

Community and Communication
Rari Capital is active on Twitter, Discord, YouTube, Medium, Telegram, and GitHub.

Audits
All of the Rari Capital code has been audited by Quantstamp and can be found under References.

We are just finishing up our most recent audit that will be published once complete.

Market and Trading Data

  • RGT at time of writing is $19.56
  • All-time high: $19.58 (March 7th, 2021)
  • All-time low: $.21 (November 5th, 2020)
  • 8,569,546 tokens in circulation
  • 10,000,000 supply
  • Current market capitalization is $167,657,049
  • RGT is available on SushiSwap and Uniswap (currently incentivizing liquidity on Sushi)

References

9 Likes
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Not too familiar with the project but from an LP providers perspective it seems profitable. here are some stats from uni and sushi so that people can take it into considerations. the liquidity to volume ratio does seem to be quite high tho imo.

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Liquiditiy/Volume/Fees look good to me and the onsen’s rate can defineatly be beat if we choose to include it in the LM program afterwards.

2 Likes
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In favor of this proposal… Many Bnt holders are currently pushing for bancor to add a wider variety of high quality up and coming defi projects. RGT fits the bill.

Might I suggest amending this proposal to also include a 1m bnt coinvestment on launch?

This will give RGT holders ample bnt liquidity to pair w/ for 1 sided staking.

3 Likes
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I’m in favor of this proposal. I like Messis suggestion, Messi is $1M sufficient? I was thinking a bit more, but curious how you arrived at $1M.

1 Like
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1m Bnt is almost 10m usd of coinvestment.

Will give RGT the opportunity for 20m of liquidity… if the coinvestment is filled.

2 Likes
6

Like it…read too fast (was thinking $1m USD of bnt). Agree with you

2 Likes
7

Looks like an interesting addition. I’ll support it.

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8

Would love to see RGT on Bancor.

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9

This has my full support.

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10

+1 for my support as well! RGT doing some awesome things in the space.

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11

Seems to be a good addition

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12

I think RGT would be a great addition.

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13

I agree. NFT is blowing up RGT has good name.

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14

Hey Jack - curious why you didn’t add LM rewards or 1m bnt co-investment to your proposal?

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15

Thank you everyone for the feedback, I really appreciate it. The proposal will include a co-Investment limit and I propose 1M BNT towards this initiative.

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16

Can you include LM rewards for RGT? Are you able to update the proposal now that it’s live?

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17

Super impressed by these guys. Up for it.

1 Like