In general, what's our value prop?

For stablecoin issuers:

• Quality collateral with weak correlations to other DeFi assets

For DAOs looking to borrow:

• Extremely cheap cost of capital
• Easier access to fixed rate lending
• A very flexible model that accommodates a wide gamut of use cases
  • Want to do a zero coupon rolling?
  • Need a line of credit?
  • Etc...
• Credit As A Service (CaaS)
  • Supercharge usage by syndicating the DAO's credit to users of the DAO
    • unlock revenue generation to back these assets, even if the DAO is unprofitable
• Minting vs Mining
  • There's been a lot of work to improve how liquidity mining is done, but there are many emissions that are meant to bootstrap usage of the DAO's product.
    • PCV for Index Coop products may not make a ton of sense as Index is looking for more holders of their indices.
    • We propose that stables generated from a loan can be directly drawn from the line of credit and distributed in lieu of the project token.
• Ability to deposit productive versions of assets in order to reduce carry
  • Many treasuries will hold ibBTC or aDAI in order to generate a return on treasury assets, and allowing these as collateral makes the onboarding process for new DAOs easier.

For DAOs looking to lend:

• Improved DAO to DAO relationships
• Strong R/R compared to other market opportunities

For Institutions:

• Access to a familiar model of financing (revenue backed and based financing)
• More regulatory certainty, (optionality for whitelisted pools)
• Higher rates than other sources in Tradfi