- Edited
Exec Summary: Add sOHM to the Ruler Protocol for lending
Ruler Protocol Summary:
Ruler Protocol is a lending platform where users can borrow their preferred cryptocurrency with any other cryptocurrency as collateral.
It aims to fill the gap by enabling the following:
- No liquidations as long as borrowers pay back on time
- Interest rates determined by supply and demand
- Fixed rate loans at the moment of borrow / lend
- Fungible loans, tradable anytime & anywhere
Please find more information in their Docs: https://docs.rulerprotocol.com
Motivation: Add more utility and optionality for lending protocols (similar to the Fuse petition)
Discussion Points:
- Should we pursue a relationship with Ruler Protocol? (e.g. do this)
- Should we incentivize the pool with $6k (denominated in OHM) per week for the program? Ruler will similarly provide 25 RULER/week per https://app.rulerprotocol.com/app/farms