RGP-20: Allocation of Bond Issuance Funds

Proposals
10

@spyro

  1. It is not 2.5%, it is 5.5%: Bond APR: 7%, Porter Subsidy APR (in USDC): 3%.
    So we are borrowing at 4% APR and supplying to Maple at 9.5% APR.

  2. We are actually only allocating $500K vs. $1.5M as stated in the updated section. Yes, if the loans are defaulted we can lose $500K.

  3. We do have a clear intention of how to use it. We initially sought to raise $3M with the intention of bootstrapping the Fuse pool and lending on Maple. This was our reasoning for issuing the bonds in the first place.