The proposal is relatively straightforward and would work in the same manner as wMEMO as collateral within the Wonderland ecosystem.
Max Collateral Ratio - 75%
Liquidation Fee - 10%
Borrow Fee - 1%
Interest - 5%
Redacted Cartel is a sub-dao of OHM and the protocol seeks to operate as a so-called voting-efficiency-as-a-service (ve-aaS). This article explains it much better than I ever could: Perennial $BTRFLY Thesis - [REDACTED].
The treasury currently has over 138 million in a diverse set of assets and is a top 150 project. The team has collaborations with other defi heavyweights such as CRV, CVX, FRAX and OHM.
Resources:
Twitter: https://twitter.com/redactedcartel
Discord: [REDACTED]
Website: https://www.redactedcartel.xyz/