Author: Maxicrouton (14873) Vote Duration: 1 month Quorum Requirement: 7.2M GHST

Summary

This proposal suggests converting the DAO’s current DAI holdings into USDC and whitelisting Aave and Morpho as approved protocols for deploying both stablecoins and ETH held in the treasury.

It also introduces operational flexibility, allowing Directors to manage deposits and withdrawals without requiring governance approval for each action.

Context

The DAO currently holds 345k DAI, alongside other stablecoins and ETH. A portion of these assets remains idle, generating no yield. Protocols such as Aave and Morpho provide low-risk opportunities to earn yield on both stablecoins and ETH. Requiring governance for every deposit or withdrawal creates unnecessary friction. Enabling Directors to act directly improves responsiveness and capital efficiency.

Treasury Standardization (USDC) Converting DAI to USDC simplifies treasury management.

Yield on Idle Assets Both stablecoins and ETH can be deployed to generate passive yield.

Specification

Swap All stablecoin in treasury to USDC

Whitelist contracts :

Aave Morpho

Authorize Directors to:

-Deposit idle assets (USDC and ETH) -Withdraw funds from these protocols as needed -Reallocate between approved protocols -Deposits -Withdrawals

No:

-Borrowing -Leverage -Looping