Rumi Initial Stake Offering

Since we started Rumi, we have only raised an Angel round, the rest of the funding came from the founders pocket. Early on we decided that our TGE token launch will be a fair one, one that does put the users and early supporters above institutional investors. We have seen over and over Defi users getting screwed by the VCs, who use them as exit liquidity.

We decided early on that we wanted to be a Protocol for the people, and that is why we opted not to raise funds from VCs, as it goes against what we believe Defi should be.

Our funds took us to this moment: we have a functioning protocol, the strategies are working and we are ready to launch it. But before launching the token, we need to get some traction and build a community. And we need funds to get us to that point. The options we have:

1) Raise money from VCs: as we said before, we prefer not to go through this route as we want a fair future taken launch that puts users before institutional interests

2) Do a public pre-sale: This is something we would consider, but at this stage, we still need to prove ourselves to the community who we are, that the protocol works fine, and that we have momentum pre a TGE.

So we opted for 3) INITIAL STAKE OFFERING

What is the Initial Stake Offering (ISO)?

Basically, we will use our Rumi Prime lending module to attract funds from our community. The community will stake their funds, and we will deposit those funds in AAVE to generate yield. The yield will be kept by the Rumi team and in exchange we will issue Rumi Points that will be exchanged by Rumi tokens upon the TGE.

Basically users will be getting the Rumi Tokens without having to invest their principal.

We have calculated an issuance of Rumi Points per Vault (USDC, USDT, ETH), which ios calculated taking into account how much yield the principal will generate in AAVE.

This Initial Staking Offer will have a time limit, and we will not be offering this opportunity of earning Rumi Tokens in the future.