*Propsal 23: Establish ASSY and Future Indexes as Collateral on CREAM, AAVE and Similar Platforms
Given our position as an asset backed index, we are in the unique position to establish our place in the larger Decentralized Finance ( #DeFi ) ecosystem. Given the stability our indexes provide users, we would be perfect as collateral for various lending solutions. In addition, the presence on indexes would increase our visibility in the wider market. Leveraging our assets we can at least initiate proposals in Compound, Aave and Cream solely on the weight of our held assets.
The Powerpool team will actively support listings for Powerpool indexes on Compound, Aave and CREAM. If the team is not capable of actively engaging the communities with the rationale, it is possible to provide an incentive to users to prepare the rationale for the various platforms proposal systems. It is also possible to allocate some portion of CVP to addresses that vote in favor if the threshold for listing will a certain level of collateral is met.
Provide a means for users to draw additional value of their assets
Demonstrate the usability of metagovernance
1500 CREAM (approx $270,000k) is the threshold for CREAM listing proposals. The Yeti index has about 2650 CREAM at the moment, more than sufficient to meet the minimum threshold.
For AAVE, it relies on proposition power. This can be delegated. Currently Aave is the major portion of the ASSY index, thus its proposition power could be potentially quite high. In addition, with some incentives, I am sure listing would be a no-brainer.
Set aside some portion of CVP, to be an incentive for listing.