[Proposal] - Remove CREAM from the RAI Aggregator

[william]

Thanks @stefan for bringing this up.

@ghost

Idle is working as expected (it’s optimizing the interest it receives, in RAI terms) but is in an usual “cartel” regime right now due to the FLX subsidy to RAI lenders. Basically, Idle is engaging in automated price-gouging of RAI borrowers because the borrow rate curves aren’t linear and because “lending” to Cream is an option although it is essentially just withholding inventory.

You got the point, basically lending in CREAM now is equal to withholding inventory, and given that Idle is one of the largest lender for RAI, it’s basically done to push the lending rate (and the borrow rate as a consequence) of AAVE and Fuse higher

@ghost

The crux of the problem, in my opinion, is that the risk of keeping funds in Cream isn’t being properly accounted for. I think most people can agree that the chance of funds in Cream being lost is significantly higher than 0%

Currently RAI it’s included in the Best Yield strategy so risk is not considered in the algo as it’s in the Risk adjusted strategies but I agree that Cream historically had more issues than other protocols like Compound and Aave.

Your concerns are valid and I’m keen to hear the opinion of our community as well on this. @stefan a snapshot poll can be setup following these guidelines → [Guide] – Community Governance Process (We recently edited it to add support for stkIDLE holders, Basically 2 snapshots should be created one for IDLE holders and one stkIDLE holders)