Stefan Ionescu (Reflexer Labs)
Idle and Reflexer have been working together for months and fostering a great partnership by allowing people to lend RAI on Aave and Fuse through the Idle protocol. This proposal puts forward the idea of Idle itself lending RAI through the Idle strategy (or other strategies) and creating an additional revenue stream for the DAO.
For more context around RAI’s progress: at the moment, there’s more than $15M worth of RAI that was market bought by different participants who want to hold it for the long run.
The DAO would need to swap some of its ETH or stables treasury into RAI and then deposit into the Idle protocol. All details should be sorted by discussing here or on Idle’s Discord server.
Would love to get the community’s input on this and how we can make it possible!