Add Rootstock Collective

[jonathansmirnoff]

Name (to be shown on DefiLlama): Rootstock Collective

Twitter Link: https://x.com/RootstockColl

List of audit links if any:

Website Link: https://rootstockcollective.xyz/

Logo (High resolution, will be shown with rounded borders):

Current TVL: 592.43 k

Treasury Addresses (if the protocol has treasury):

https://explorer.rootstock.io/address/0x48229e5d82a186aa89a99212d2d59f5674aa5b6c
https://explorer.rootstock.io/address/0xf016fa6b237bb56e3aee7022c6947a6a103e3c47
https://explorer.rootstock.io/address/0x267a6073637408b6a1d34d685ff5720a0cbcbd9d
https://explorer.rootstock.io/address/0xfe3d9b7d68ae13455475f28089968336414fd358

Chain: Rootstock

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)

Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)

Short Description (to be shown on DefiLlama): RootstockCollective is a DAO (Decentralized Autonomous Organization) designed to develop the Rootstock ecosystem by empowering and rewarding builders and users of Rootstock, and RIF token holders

Token address and ticker if any: https://rootstock.blockscout.com/token/0x5db91e24BD32059584bbDb831A901f1199f3d459 and ticker: stRIF

Category (full list at https://defillama.com/categories) *Please choose only one: Services

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):

Implementation Details: Briefly describe how the oracle is integrated into your project:

Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:

forkedFrom (Does your project originate from another project):

methodology (what is being counted as tvl, how is tvl being calculated): The amount of RIF that contract has, RIF * rif price.

Github org/user (Optional, if your code is open source, we can track activity): https://github.com/RootstockCollective

[llamatester]

The adapter at projects/rootstock-collective exports TVL:

rsk                       593.09 k

total                    593.09 k 

[llamatester]

The adapter at projects/rootstock-collective exports TVL:

rsk                       603.65 k

total                    603.65 k 

[llamatester]

The adapter at projects/treasury/rootstock-collective.js exports TVL:

rsk                       509.08 k

total                    509.08 k 

[llamatester]

The adapter at projects/rootstock-collective exports TVL:

rsk                       603.66 k

total                    603.66 k 

[llamatester]

The adapter at projects/treasury/rootstock-collective.js exports TVL:

rsk                       561.32 k

total                    561.32 k 

[llamatester]

The adapter at projects/rootstock-collective exports TVL:

rsk-staking               613.71 k
staking                   613.71 k
rsk                       0

total                    0 

[llamatester]

The adapter at projects/treasury/rootstock-collective.js exports TVL:

rsk                       565.84 k

total                    565.84 k 

[g1nt0ki]

@jonathansmirnoff thanks for the PR, I made a minor fix: https://docs.llama.fi/list-your-project/what-to-include-as-tvl

[Define101]

@jonathansmirnoff Could you explain what is https://rootstock.blockscout.com/token/0x5db91e24BD32059584bbDb831A901f1199f3d459 and ticker: stRIF . And what is RIF technology and the relationship between both

[jonathansmirnoff]

Could you explain what is https://rootstock.blockscout.com/token/0x5db91e24BD32059584bbDb831A901f1199f3d459 and ticker: stRIF . And what is RIF technology and the relationship between both

RIF token

RIF is the native token of RIF ecosystem. It is a utility asset, used to consume RIF products and services. RIF token holders are able to participate in a growing network of dApps and products for a freer and fairer financial system.

https://rif.technology/rif-token/

GOVERNANCE SYSTEM

RootstockCollective will use a state-of-the-art, token-based, governance system with
off-chain and on-chain components. For this purpose, a new ERC20 token, with votingrelated smart contracting features, will be deployed on the Rootstock network.

Governance Token

To align governance rights with the existing ecosystem, the new token will be created as a wrapper around the RIF Token. A “wrapper” implies a direct dependency of the new token on the RIF token. Specifically, the new token can only be minted by locking RIF tokens to a governance system contract. This governance token is called stRIF, where the “st” stands for ‘Staked’.

Rootstock Collective WHITEPAPER

WHY WE CHOSE RIF TOKEN
The decision to anchor governance to the RIF token is designed to maximize benefits for the community. RIF is one of the most widely available and easily accessible tokens on Rootstock. By linking governance power to RIF token, community members can actively participate in decision-making through stRIF, which is minted by staking RIF.
This approach allows members to utilize a token they are already familiar with, ensuring a seamless transition into governance roles. Additionally, it strengthens the community's influence over the future direction of Rootstock, as the DAO can integrate other RIF-enabled protocols, such as RifOnChain and RIF Name Service (RNS), and direct ecosystem revenue to support community-led initiatives.
Ultimately, this connection enhances the utility of the RIF token and empowers the community to play a central role in the ecosystem's growth and sustainability.” https://rootstockcollective.xyz/rootstockcollective-announcement/