Summary
This proposal outlines a strategic partnership between RAAC and CLever, allowing RAAC to friendly fork CLever Protocol. Through this partnership, RAAC will integrate the CLever framework into its ecosystem, providing benefits to both communities and establishing a collaborative framework for ongoing development, liquidity support, governance, and development alignment.
Background
As RAAC expands its ecosystem, the need for efficient yield-boosting and emission-management infrastructure becomes critical to maintain strong governance distribution. The fork will be based on CLever’s framework, with targeted adaptations to optimize its performance for RAAC’s ecosystem.
Recognizing the shared goals and potential for mutual growth, RAAC suggests negotiating terms for a friendly fork of CLever. This partnership allows RAAC to leverage the strengths of CLever’s established ClevToken-based architecture while tailoring it to RAAC’s unique ve-Tokenomics based native token $RAAC and Silo System.
The collaboration will focus on:
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Driving $RAAC ecosystem distributions through efficient lock/loan mechanics based on CLever architecture.
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Expanding collateral options and integration options for DeFi/RWA liquidity, and vote incentives.
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Building deeper community and governance alignment between RAAC and CLever for the benefit of the over arching Curve Ecosystem.
Proposed Terms and Structure
Profit Share: RAAC will allocate 1.25% of fees generated by the fork, in perpetuity, to CLever Protocol. This profit-sharing model ensures aligned incentives and long-term collaboration.
Integrations:
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Collateral Integration: leRAAC (RAAC’s liquid wrapper) and other treasury tokens (TBD) will integrate into CLever-style vaults, enabling loans. RAAC will not compete against CLever with integrated liquid wrapper tokens such as CVX.
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Liquidity/Auto-Compounders: CLever-style vaults and strategies will be developed natively for RAAC assets, including Silo stablecoins and RAAC-paired liquidity pools.
Community & Future Development Support:
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CLever will assist RAAC in establishing relationships with its community, including co-marketing and cross-protocol awareness.
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DEX initiatives may include pairing leRAAC, RAAC stablecoins, and CLever-aligned assets to deepen market depth.
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Governance incentives for vote alignment would exclusively be done via CLever as long as it is economically viable/sustainable. Initiatives may include RWA Yield, $RAAC, and other RAAC ecosystem tokens if and when CLever’s vlCVX “Bribe Market” is deployed, and RAAC ecosystem is utilizing governance incentives as a treasury strategy.
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RAAC will be building on top of the CLever fork adding new features and implementations. CLever protocol can fork, utilize, and modify whatever is deemed useful for Aladdin DAO.
Legal
Regulatory and Compliance
CLever waives any liability related to regulatory actions concerning assets RAAC integrates into its platform. RAAC assumes full responsibility for its own compliance, including treatment of tokens and mechanisms under applicable laws. This ensures both parties operate with clear understanding of their respective responsibilities.
Intellectual Property
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Parties continue to own their own intellectual property, including software, source code, documentation, patents, processes and methods, trademarks, brand assets.
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Parties agree to grant a limited license to the other party use their name and logo to announce the friendly fork.
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Parties will agree on mutual language to use in announcing the friendly fork.
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CLever grants a license to RAAC to use and modify CLever’s software and documentation.
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CLever represents and warrants that it has all necessary rights to the software and documentation it is licensing to RAAC, including patent rights, and contributor license agreements from contributors.
Liability
- RAAC, not CLever, is responsible for the integration of CLever’s code into the RAAC ecosystem.
Goals
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Boost Emission Efficiency: RAAC will leverage CLever’s framework to create a stickier emissions, minimize sell pressure on ecosystem distributions, and maintain strong governance distribution.
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Aligned Incentives: A perpetual revenue share incentivizes the CLever community to support RAAC’s success.
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Increased Liquidity & Governance Depth: Co-marketing and liquidity pairings between RAAC and CLever ecosystems foster liquidity, trading opportunities, and governance alignment.
Fees From Revenue Share
For context, RAAC’s CLever fork will be utilizing veRAAC as the underlying asset opposed to CLever’s CVX option. Which means instead of bribe fees it would be from veRAAC revenue generated from underlying deposits. RAAC will be funnelling the designated 38.75% of ecosystem distributions through the CLever fork, and is intended to be the largest sink for $RAAC total supply.
Fee Model: 1.25% Harvest Fees from underlying veRAAC revenue.
Example:
At $500M RAAC Revenue and 50% leRAAC penetration → $500M × 1.25% × 50% = $3.125M
The above will adjust based on RAAC protocol revenue, and the amount of RAAC deposited to the fork.
Next Steps
If there are no major objections, this forum post will proceed to a snapshot vote one week from now.