Proposal to Integrate RAI Protocol

Summary

This proposal advocates for integrating the RAI protocol by adding the Reflexer Connector to the DSA Connector contracts. This would allow DeFi Smart Accounts to interact with the RAI protocol.

Proposal

RAI is a non-pegged stable asset and automated credit facility which recently implemented self-repaying loans. RAI can only be borrowed against ETH.

Reflexer built the necessary connector contracts so that RAI can be integrated in the Instadapp protocol. The Instadapp team also reviewed the code.

Reason

The Instadapp community would benefit from RAI self-repaying loans as well as the option to protect positions from liquidations, thus offering borrowers greater capital efficiency.

Code

Result

This vote includes non-critical code changes and will be voted off-chain by the community.

The Reflexer Connector is added to the DSA Connectors master allowing it to be used with any DeFi Smart Account.

Vote On Snapshot

Status: Open :ballot_box:

Proposal on Snapshot

10 Likes

Hey @stefan this looks good! Excited to see how we can develop and create use-cases for RAI. Currently we are voting in: IGP#2 - Streamlining and Growth Fund Grant

This will create a ‘streamlined’ integration process; after this vote an Instadapp Delegate will create a Snapshot proposal for RAI connector for a ‘streamlined’ integration.

3 Likes

Saw IGP#2 passed, can’t wait to see the streamlined proposal!

The Snapshot for this streamlined proposal is now live on Snapshot:
Proposal on Snapshot

Voting will be open for 3 days; a simply majority will enable the integration on the DeFi Smart Layer.

1 Like