Hey everyone, Max here from the BarnBridge core team on behalf of the BarnBridge DAO.
We're requesting to be allowed to deploy Fuse Pools in order to create lending markets for a wide variety of assets that are related to our primary applications, SMART Yield and soon, SMART Alpha. We've been considering Fuse Pools for a while but have held off to date due to a) lack of secondary liquidity for our SY jTokens, and b) competition from our own rewards pools for those jTokens. Now that those jTokens rewards lapse on August 8th and Aavegeddon is behind us, the time is ripe to take the plunge.
We would look to roll out two fuse pools over multiple phases.
Phases 1 and 2 would center on the creation of what will become the SMART Yield pool, pending the provisioning of liquid Uniswap v3 pools for jTokens for appropriate liquidity and price feeds.
Phase 3 would center on the creation of the SMART Alpha pool. SMART Alpha will allow users to seed pools for a given ERC-20 with a junior and senior side, offering exposure to levered and dampened asset price volatility depending on the ratio between the two sides. It's set to launch by mid-September. As we get liquid secondary pools for these perpetual senERC-20 and junERC-20 tokens, they would be added here.
- Phase 3: BOND/USDC/senETH/junETH/senWBTC/junWBTC/etc.
We're excited by the long tail of BarnBridge assets we could come to supply in these two pools, as well as general opportunities for partnering with the Rari communtiy (e.g., application integrations, SMART Alpha pool for RGT).
Come join us on Discord and feel free to ask me any questions here.