Summary: This proposal is to whitelist TracerDAO as a pool creator for Rari Pool Fuse #112 (https://app.rari.capital/fuse/pool/112). Verifying the pool, and giving the TracerDAO the ability to create new verified pools.
Address to be whitelisted: 0x876c72f93407371D1Cc97875B711F01F699D9138
Whitelist Tracer DAO as a pool creator so new pools, such as #112, can be verified. Moving forward Fuse pools can utilise Tracers governance token TCR as well as the DAOs leveraged tokens as collateral. If successful Fuse would be the first lending platform to support TCR and other Tracer assets. Tracer envisions Fuse becoming a way for DAOs and token holders to draw liquidity against their governance and leveraged tokens without selling them. Currently TCR has a market cap of $41m.
The initial Tracer pool (#112) has been formed around TCR, USDC and ETH.
Tracer envisions Fuse pools made up of Perpetual Pool leveraged tokens (3x ETH, 3x BTC, ect.). Enabling users to deposit their leverage positions/tokens and withdraw capital for other yield bearing opportunities all while maintaining their long/short position.
Tracer DAO is a Arbitrum based DeFi derivatives protocol that recently released its first product - Perpetual Pools.
Tracer Perpetual Pools is a leveraged token that allows retail users to gain fungible leveraged exposure to a price feed, without the risk of liquidation. Tracer currently has liquidity mining incentives for users to enter into leveraged positions on either BTC or ETH. There are additional incentives to provide these fungible leveraged tokens to specific Balancer pools, shoring up secondary market liquidity.
For Rari, whitelisting Tracer DAO as a pool creator would directly:
- Provide new use cases on using Leveraged tokens as collateral.
- Create opportunities to deploy Fuse Pools for a broad range of synthetic assets created from Tracer Factory contract templates.