I hereby claim:
- I am lyoungblood on github.
- I am lukeyoungblood (https://keybase.io/lukeyoungblood) on keybase.
- I have a public key ASByvYXu_Dwnl3fDvu1Awi41RxKc_u9PW6Qeg_tBSLxDoAo
To claim this, I am signing this object:
-d64 -server -XX:+AggressiveOpts -XX:ParallelGCThreads=3 -XX:+UseConcMarkSweepGC -XX:+UnlockExperimentalVMOptions -XX:+UseParNewGC -XX:+ExplicitGCInvokesConcurrent -XX:MaxGCPauseMillis=10 -XX:GCPauseIntervalMillis=50 -XX:+UseFastAccessorMethods -XX:+OptimizeStringConcat -XX:NewSize=84m -XX:+UseAdaptiveGCBoundary -XX:NewRatio=3 -Dfml.readTimeout=90 -Ddeployment.trace=true -Ddeployment.log=true -Ddeployment.trace.level=all
|# Copy this file as `recint` (or whatever you want) somewhere in your path and|
|# use it according to the usage notes below!|
|if ARGV.size < 4|
|puts "Usage: recint <collateral_factor> <supply_apr> <supply_bonus> <borrow_apr> <borrow_bonus>"|
|puts " Example - To calculate the net interest on recursively lending this asset:"|
Moonwell is an open lending and DeFi protocol built on Moonbeam and Moonriver, and is the largest DeFi protocol by TVL in the Dotsama ecosystem. In order to foster the development of a robust web3 ecosystem on Moonbeam, core protocols such as decentralized exchanges and lending protocols like Moonwell provide basic DeFi primitives, and create a solid foundation of liquidity that developers can build new Dapps on top of, enabling the connected contracts future that the Moonbeam community envisions.
The Lunar Technology Foundation is responsible for fostering the development of the Moonwell protocol and its ecosystem, similar to the role that the Moonbeam Foundation plays in the broader Moonbeam ecosystem. The Foundation is honored to submit a proposal for a grant that aims to help build useful liquidity in the Moonbeam ecosystem, with the goal of creating this base liquidity that will be broadly useful for other Dapps and developers on Moonbeam.