0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#22,133,492·view on Etherscan
# Monolith Project Budget Proposal
### Summary
We propose the launch of a stablecoin-as-a-service platform, Monolith, enabling permissionless creation of immutable stablecoins using any collateral on any chain.
Monolith-deployed stablecoins feature:
* Immutable over-collateralized single-collateral design
* Autonomous interest rate controller.
* Borrower choice between Interest-free or redemption-free borrowing.
* Yield-bearing vaults for stablecoin holders.
* Fee access for deployers.
Benefits to Inverse Finance DAO:
* New revenue streams.
* Reduced DOLA liquidity costs.
* Accelerated cross-chain expansion.
* Expanded collateral options for FiRM.
* Faster DOLA bad debt repayment.
### Project Details
Full details of the Monolith project can be found on [the original proposal text on the forum](https://forum.inverse.finance/t/monolith-project-budget-request/541). The current project specification is non-binding and is subject to change based on feedback.
### Budget Request
* To minimize the investment in Monolith for Inverse Finance, we present a single budget request leading to the launch of Monolith as it is expected that ongoing marketing and other post-launch Monolith expenses will be paid via Monolith-generated revenues.
Monolith 90-Day Launch Expenses
|Monolith Launch Expenses | |
|--- | --- |
| | | | |
|**Risk** | | | |
|Cantina Competition | 72,252 | | |
|yAudit Private Audit | 25,000 | | |
|Chainsecurity Private Audit | 49,500 | | |
|Spearbit Private Audit | 55,300 | | |
| | | | |
|**Growth** | | | |
|Creative Agency | 90,000 | | |
|Major podcast partnership(s) (e.g. Bankless, Blocmates) | 25,000 | | |
|Analysts, content creators | 10,000 | | |
| | | | |
|Miscellaneous | 5,000 | | |
| | | | |
|**Total** | 332,052 | | |
### On-chain Actions
* Approve 202,052 DOLA to Risk Working Group Security Ops multisig
* Approve 130,000 DOLA to Product Working Group multisig (+17,637.5 existing allowance)