Aloha DAO - Profit Earning Opportunity Voting 🗳️

Dear DAO Members,

We are excited to present a new stream of profit-earning opportunity for our Mahalo Coin Pegged USDC. This proposal aims to capitalize on the current market conditions and generate additional revenue for our organization.

Opportunity: We propose engaging in short-term money lending with an attractive interest rate of 5-8% per year by securing loans with 1st mortgages.

Background: The US mortgage rates are on the rise, particularly affecting users with adjustable-rate mortgages. This situation has made it challenging for many borrowers to repay their interest, and banks are hesitant to extend new lines of credit. As a result, there is a growing demand for alternative lending sources. How We Plan to Execute:

We will offer short-term loans of up to 1 year to qualified borrowers, with competitive interest rates.

To mitigate risk, we will secure these loans by taking 1st mortgages on the borrowers' properties.

We will maintain a conservative lending approach, only lending up to 60% of the property value. This strategy ensures that, in the event of default, we can liquidate the property and recover our funds.

Benefits: This opportunity presents a fantastic chance for us to generate additional profit for our USDC, which is reserved for MHC pegging. By carefully selecting borrowers and maintaining a conservative lending approach, we can minimize risk while maximizing returns.

We strongly believe that this proposal aligns with our organization's goals and will contribute to the growth and stability of our Mahalo Coin Pegged USDC.

Please take the time to review this proposal and cast your vote. Your participation is crucial in shaping the future of our organization.

Thank you for your attention and support.

Voting Period: May 10th to May 15th