Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

[PROPOSAL] Put $2M from the treasury in the USDC-USDT pool #38

Open
rockooor opened this issue Mar 16, 2024 · 0 comments
Open

[PROPOSAL] Put $2M from the treasury in the USDC-USDT pool #38

rockooor opened this issue Mar 16, 2024 · 0 comments
Labels
proposal Governance proposals

Comments

@rockooor
Copy link
Collaborator

Summary

This proposal is to put $2 million USDC from the treasury in the USDC-USDT pool.

Motivation

There have been quite some discussions on how the treasury can be put to use in the best way, where the DAO can participate in the Saber wars via the USDC-USDT pool and some starting amount of locked SBR. However, due to a lot of manual things required (like weekly voting by the council members) the discussion stalled a bit. However, the first step (putting USDC in the LP) is still very valuable for the DAO, even without voting.

The USDC-USDT pool regularly achieves over 60% APY and it makes sense for the DAO to capitalise on it.

Actions

  • Swap $1M USDC to USDT (this is better to do via eg Jup, so other liquidity sources can be used too, instead of directly putting all USDC in the pool making it super unbalanced)
  • Put $1M USDC and 1M USDT in the USDC-USDT pool
  • Stake the LP tokens
@rockooor rockooor added the proposal Governance proposals label Mar 16, 2024
Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
proposal Governance proposals
Projects
None yet
Development

No branches or pull requests

1 participant