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# System prepended metadata

title: RigorDAO Onboarding Slides
tags: [Rigor]

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###### tags: `Rigor`

# RigorDAO Onboarding Slides

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### Slide 1: What is RigorDAO
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RigorDAO was formed to finance new home construction projects that are published by Builders on the Rigor DeFi Lending Platform. The DAO enables DeFi users to pool capital (USDC) and lend it to Home Builders on the Rigor Lending Platform in return for fair market interest rates.

A high-level overview of the relationship between RigorDAO and the Rigor Lending Platform:

![](https://i.imgur.com/kigWFFB.png)

(infographic: members join with USDC > DAO lends to platform > platform repays with interest)

*Disclosure: RigorDAO is an autonomous community project supporting home builders on Rigor, and is not directly associated with the Rigor Platform.*

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### Slide 2: Elect Delegate & Form Lending Community
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The target raise for RigorDAO is $4M, which can build 20 new homes on the Rigor Lending Platform ($200k average per home). Once the intiial capital is raised, the DAO will elect a delegate to register the DAO as a Lending Community on the Rigor Lending Platform.

![](https://i.imgur.com/Sjb2kaz.png)

(infographic: Members pool USDC > DAO assigns delegate > DAO joins as a lending community)

**MAKE DELEGATE ROLE CLEARER**

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### Slide 3: Review Loan Request
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With the Lending Community formed, Home Builders can now request a loan from the RigorDAO Lending Community. Along with their loan request, the Builder must submit a detailed plan and any relevant paperwork for the DAO to review.

![](https://i.imgur.com/mIkCoJe.png)

(infographic: Builder request loan > DAO reviews submission)

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### Slide 4: Approve Loan
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The RigorDAO members approve the loan and the Delegate submits the approval to the Lending Community on the Rigor Lending Platform.

![](https://i.imgur.com/vaGzAgk.png)

(infographic: DAO approves loan > Delegate submits approval on Rigor Platform)

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### Slide 5: Lock in Escrow
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The loan is locked in escrow when approved by the Lending Community on the Rigor Platform, and a wrapped USDC (rUSDC) token is issued to the DAO. The Builder's land is escrowed as colateral along with the loan, and the builder is then approved to start receiving capital.

![](https://i.imgur.com/KLdHVEr.png)

(infographic: loan in escrow > DAO issued rUSDC > land in escrow > Builder approved for capital)

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### Slide 6: Tasks & Capital Release Schedule
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Once the loan is in escrow, the Builder must create tasks to define work order and establish costs. Capital is then released to the Builder in cliffs as tasks are completed.

![](https://i.imgur.com/Hb1ybvg.png)

(infographic: Builder completes tasks > capital released from escrow)

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### Slide 7: Loan Repayment + Interest
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The Builder completes the project and repays the loan with interest to the Lending Community. The interest is deposited into the DAO treasury and the repaid capital can be recylced for another loan.

![](https://i.imgur.com/u7pvCep.png)

(infographic: Builder repays loan > Interest goes to DAO > land released from escrow > capital ready for new loan)

**ALL TASKS ARE SUBMITTED WITH THE LOAN REQUESTS**

**ENTIRE LOAN IS NOT ESCROWED BUT IN CLIFFS IN ESCROW FOR EACH TASK GROUP**



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### Slide 8: Member Requirements and Perks + CTA
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**CALL NOTES** 12-7-21

1 NFT for the largest level - collectible - utility possible in future

set limits for each tier


Isaac:
create a new legal framework for rigorDAO
- home builder escrows land, retitle land in an LLC or trust

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10 shares per 10,000 USDC

Minimum: 10 Shares
Maximum: 200 Shares > then Loot (refer to DAO User Guide (WIP))

**Choose a level:**

| Level    | Contribution    | Shares | NFT Perk | limits |
-----------|-----------------|--------|------|--------|
| Level 1 | 10k USDC | 10 Shares | Discord access | maybe 20-30
| Level 2 | 25k USDC | 25 Shares | Discord access | 
| Level 3 | 50k USDC | 50 Shares | Strategy calls |
| Level 4 | 100k USDC | 100 Shares | Full access | no limit
| Level 5 | 200k USDC | 200 Shares | VIP access | no limit

**Need to discuss possible perks - can keep vague for now if needed**

(infographic: level up graphic - horizontal scale with perks)

#### Possible Returns / Incentive Model - could be a potential separate slide or not included at all

7-10% interest returns

stake USDC - participate in DeFi to generate higher returns as a DAO
- DAO decides on initiatives

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**Closing statement**
- values align
- help fix a structural problem in the world - make more homes
- RigorDAO is the community, Rigor Dapp is the entity
- we have tools to generate higher yield to support the loans and ultimatley build more homes.
- show over time that decentralized lending loans are performing better than traditional

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*It will be explicitly clear that these outlined returns are not guaranteed*

#### CTA
Choose your Membership level and request to join RigorDAO

[Join RigorDAO button] [RigorDAO User Guide button]

- Join RigorDAO button will bring them to the DAO proposal UI
- User Guide button will bring them to a step by step guide for navigating the DAO and its features.

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