4/20, time to get boosted to the new highs, Balancer and Olympus DAOs’ Fuse pools are Turbo Boosting, and it's just the beginning.

Tribe Turbo gives utility to unproductive DAO Treasury assets, reported market size of over $8B.

Turbo uses Rari Capital’s Fuse, a permissionless lending market protocol. Pool creators can customize the parameters for the assets of their choice. Users can deposit and lend in each of the isolated pools. This is done trustlessly and does not require lobbying to a DAO to list any given asset. You can read more about Fuse here.

By now, every DAO should have a Fuse pool to give its community more opportunities to use its native tokens. To ensure that interest rates are optimal for leveraging the pool, it is necessary to have deep stablecoin liquidity, but bootstrapping this liquidity is historically difficult. That is, until Tribe Turbo.

How to boost your Fuse Pool with Tribe Turbo.

Already have a DAO operated Fuse pool, skip to step 4.

1. Open a DAO managed Fuse pool with the Rari Capital team
2. Set pool parameters
3. Add and configure assets
4. Request for the pool to be verified and whitelisted for Tribe Turbo on the Tribe DAO forum
5. Once verified and whitelisted, deposit DAO Treasury Assets as collateral to the Tribe Turbo Fuse Pool and borrow FEI at 0% APR
6. Deposit the borrowed FEI to your DAO operated Fuse pool (or other ERC 4626 approved strategies)

Now that your Fuse pool has stablecoin liquidity without the need for heavy incentives, your users can borrow against their tokens at more optimal interest rates, and your DAO earns revenue on the deposited FEI, split with the Tribe DAO. In the future, Turbo can be used by individuals, treasuries, protocols, or any on-chain entity.

Tribe Turbo is a powerful transformation in the thinking of stablecoins and their provision throughout the ecosystem.

Are you ready for a Turbo Boost?

Follow us on Twitter and join our Discord to get involved!