# Crimson Creator Cluster We are the Crimson Creator Cluster, and aim to become the core team of a Creator MetaDAO that builds a large userbase with a easy to use DeFi frontend offering both Maker products, yield farming and innovative new products - starting with our own advanced lending engine. Anyone will be able to farm the Creator tokens with Dai, ETH or MKR through our frontend, and participate in building the DAO from the ground up, developing its brand and governance culture. We provide the technical and business skills to amplify and spread this community through growth hacking and innovative features that set us apart. As a Cluster, we are not launching a MetaDAO. We are preparing to make a proposal to the governance process of a MetaDAO created by Maker after tokens have been distributed via yield farming and it is capable of independent governance decisions. ## Cluster Pitch ### What problem are we solving? Maker's superpower has always been cheap cost of capital due to the success of DAI as the most popular decentralized stablecoin. However, Maker has struggled to gain traction on the supply-side. Our primary lending use case during the last bull run was as a wholesale lender to CEXes who would pocket the interest spread. This demonstrates there is strong demand for frictionless, fast, low fee user experiences. The only ones providing this at the moment are centralized exchanges. Although Maker is capable of providing credit to these protocols / CEXes, their missions may not align with the DAO. Maker is dependant on external counter-parties. ### What is our solution? We want to bring to life new products on top of Maker with the best rates in the market due to low cost of capital via D3M injection. Our solutions will provide seamless, high quality user experiences all with best in class security practices. Safety and scale is our mission to support the DAI ecosystem. The initial product will be a fork of a best-in-class lending engine retrofitted to integrate directly with Maker via D3M. This will provide the MetaDAO with access to new markets such as higher collateralization (no OSM delay), rehypothecation of collateral (delta neutral / short strategies) and cross-collateralization. Features we know existing users of Maker have requested in the past. We will be focused on large scale market segments. We are not interested in supporting long tail assets - only ETH, BTC and staked eth derivatives. Security is a big component of borrowing confidently at scale. As such we will aim for redundancy across two oracle networks - Maker and Chainlink. A third, potentially on-chain, oracle network can be investigated in the future as well. DeFi users of the future will expect chain-agnostic, multichain user experiences that abstract away the individual blockchains and just give them the best rates and the lowest fees. We are including this trend in our thinking from the start. An additional upside and source of long term income is that we can provide all of our in-house projects for other MetaDAOs to copy, and in return pay our MetaDAO a revenue share under the Plug and Play Protocol model. We will implement a new model of community-led product innovation whereby we will involve and incentivize our users in the product development process. It is our thesis that combining a best-in-class frontend with the security and permissionless nature of the blockchain will be a winning formula. As more scaling solutions such as zk-rollups come online we feel we are best situated to capture this new market of users wanting fully decentralized, high quality interfaces. ## Community Meta ### The role of our community Initially, users will come looking for lowest rates, security and robustness. We will convert them to long term community members by building a high quality brand / UI and engaging them in the definition of the future developments. Users will be able to farm the MetaDAO token, giving them a direct stake in the DAO. The self-emergent community of token holders that farm the tokens will make the fundamental decisions about the brand and name of the MetaDAO, although we will of course provide our professional input and support (the Crimson cluster name is temporary and meant to be replaced with a name decided by the community). New markets can be identified by crowd-sourcing high quality DeFi products and build opportunities by the metadao community members. For example, if there is large demand for a high speed derivatives product or a margin solution we can prioritize accordingly. We will promote a culture of data-driven recommendations and user involvement. We want ecosystem actors to be part of our community, as we will collaborate with them to provide services wherever possible to ensure we have a rapid go-to market strategy. This is encouraged from the projects themselves. We want the teams to keep building by providing revenue share for their hard work. We can all win together. The MetaDAO core team will be focused on coordination, integration and branding and less on building new products. ![](https://i.imgur.com/x1qEbBO.png) ### Supporting community governance We will support the community with providing market research, trends, and product usage report to enable data-driven governance decisions. We will incentivize users to provide feedback and be involved in the product development. We believe establishing a tight, collaborative feedback loop of between the experience of the community and the MetaDAO team is a major opportunity most DAOs are getting wrong. Community members with more commitment to the research and bringing new opportunities to the MetaDAO should have a bigger say in product decisions. ## Team My name is Sam MacPherson (aka hexonaut), and I’ve been a serial entrepreneur all my life. I currently work on the Protocol Engineering team. We have 4 others in this cluster (TBA) with a wide range of skills to cover all our bases. ### Cluster Membership Sam - Cluster Facilitator TBA1 - MetaDAO Facilitator TBA2 - Contributor TBA3 - Contributor TBA4 - Contributor I'm pleased to put forward the first proposal to form a MetaDAO Creator Cluster. What does this mean? 🧵👇 <LINK> --- MetaDAOs are a major component of the proposed Endgame plan by @RuneKek. In a nutshell they can be thought of as subsidiaries of Maker - similar to the relation between Alphabet and Google. By moving innovation out to the edges, Maker Core can simplify and harden. --- You can read all the details of the Endgame plan here, but on to our specific proposal. https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427 --- Maker's biggest advantage has always been cheap cost of capital due to the success of the DAI stablecoin. The D3M system allows Maker to directly inject capital into other DeFi protocols to earn decentralized income streams - but so far there has only been a single integration. --- This is a major opportunity we aim to take advantage of. Our approach is to fork and reuse existing proven systems, starting with a best-in-class lending engine that will be available alongside other products in our user friendly, decentralized frontend. --- A lending engine business is market proven and has strong synergy with cheap D3M capital. It will expand Maker's product offerings with access to high collateralization (no OSM delay), rehypothecation of collateral (delta neutral / short strategies) and cross-collateralization. --- We will focus on supporting large scale assets only such as BTC, ETH and staked ETH derivatives. To maximize security we want redundancy across oracles. We will support both @ChronicleLabs (Maker) and @Chainlink oracle networks. --- We invite these projects to open up new revenue streams by vertically integrating with the Maker stack. In exchange for cooperating, the teams will be compensated with a rev. share for their hard work. This ensures the entire ecosystem will benefit from the protocol's success. --- The lending engine is just the start. We want a consolidated UI to be the go-to for users wanting to experience DeFi. With rollup technology coming online we feel we are at an inflection point where we can provide the user experience of CEXes, but in a DeFi-native way.