See bizdev tracker sheet here:
https://docs.google.com/spreadsheets/d/14goid_NqKSoZUjFqajGE3uKncNe6Btxe8cxTBMO_M5k/edit?usp=sharing
Hypotheses:
Brahma
Chatted about co-incentivization, ended up doing a mini campaign with them. Brahma also had rewards on arbitrum, so we did some marketing around double incentivization (STIMMIES/Brahma) for people using Gearbox via Brahma Console. Further collaboration looks likely as Brahma has its own reward season coming.
Liquity
Liquity is launching BOLD in November, they are looking for a third party to build something called sBOLD as well.
The way BOLD works is 1. there is still the stability pool, same as LUSD, where you can deposit BOLD and earn ETH from liquidations, and 2. the user gets to choose their interest rate - the lower the rate they choose, the more likely they will face redemption when the total system is undercollateralized.
So BOLD therefore has two sources of yield - ETH, from the stability pool, and BOLD, from users paying interest.
Liquity think a third party will be building sBOLD, which will take the ETH and also turn it into BOLD yield, so that sBOLD works more like sDAI or other more simple yield tokens.
They are interested in both a lending pool and having BOLD as a leverage strategy, but I think the leverage side is higher priority for them, and should be easy for us.
I would personally very much like to see BOLD succeed, especially with DAI/SKY stuff going on. There’s a chance they can gain a larger market share too and become a real player against USDC, given the SKY fud. For this reason I think its worth doing this integration. Its a bit unclear what the yields would look like, hopefully they are competitive and this can be a winning strategy. Even if not though, I think integration (on both sides ideally) is worth doing, if for no other reason than the marketing push, I’m sure they will spend lots of time and resources on pushing BOLD so if we can get free media by being aligned that’s helpful.
Etherfi