Deploying Rari Protocol on Polygon with Rake Capital

Erik

Summary

Rake Capital proposes to build Rari on Polygon with 50% of $RAKE transferred to Rari DAO.

Background

Rari's Grant Station has requested clone-chains to be built and maintained with profit-sharing of revenues and token-distribution back to Rari.
The following is a proposal by Rake Capital to build a clone-chain on Polygon. The team behind Rake Capital has its background in product development, management and crypto.
The Rake team has been in contact with members of the Rari team to discuss such a clone.

Abstract

The proposal is as follows:
50% of Rake tokens will be held by Rari DAO. The other 50% will be utilized to create an autonomous and independent entity called Rake Capital, with its own community, roadmap and governance.
The first product to be brought to the Polygon-clone is the Fuse Protocol, with other products being deployed over time. Further, Rake will make considerable changes to the UI (simplify the product), explore new use-cases by being built on Polygon and improve the core-functionality of the Fuse protocol.
Also Rake will craft educational content, marketing material and growth strategies for increasing the amount of pool creators and the locked liquidity.
The Rake team will work closely with the core Rari team for developing the technical roadmap, knowledge transfer and collaboration on growth-efforts (which has already been started).

Motivation

Leverage Polygon's infrastructure to realize the full potential of Fuse protocol.
Unlocking massive value for both Rari DAO and Rake Capital via increased number of pools and absorbing a significant portion of locked liquidity in Polygon ecosystem.
The Polygon Clone may become a venture for developing new exotic DeFi products.

jai

I have had the opportunity to speak to both Rahul and Erik who are leading the Rake Capital project and I think that this is an absolute no-brainer. They are both geniuses in their own right and they will do magical things with Rake.

I really like the idea of a "blessed fork" and I think this is a great way to go about it. Keen on hearing others' thoughts.

Bk0824

Taking advantage of Polygons infrastructure is a no brainer. Getting more exposure for the Fuse Pools highlights the most exciting and original feature of the protocol. Pairing that with a group of experienced and competent people that also have their own project/community, is the cherry on top. I fully support this proposal.

platocrat

Tbf, i believe that there should, initially, be a skewed split of profits, given that Rake Capital is a direct fork of Rari Capital

To elaborate, all initial liquidity brought in by Rake Capital would be based on the merits of Rari Capital's engineering and community efforts, that is,until additional engineering, community, or business partnerships have been added under Rake Capital's belt.

Therefore, I think the profit split should start at 70% to Rari and 30% to Rake, and gradually decrease, as the Rake ecosystem and its community grow.

The limit for the profit split, as the Rake ecosystem grows infinitely large, can then be the opposite, where Rari takes 30% and Rake takes 70%, where these percentages imply that the Rake community operates significantly independently under the supervision of RariDAO.

edit:

added italics
added clarifiers to second sentence