How should the DAO deploy $2 M USDC into USDaf ecosystem?

Voting ended 8 months agoSucceeded

The treasury holds ~$2 M USDC. We want to (1) earn stable yield, (2) deepen USDaf liquidity ahead of ampUSD, and (3) accumulate Gem → ASF for long-term revenue share (25 % of Liquity-v2 fees) and gauge influence.

Baseline facts Curve pool — USDaf/USDC/USDT is live (~8-9 % APR). Borrowing USDaf against sfrxUSD collateral earns extra Gems and keeps collateral productive (~5 % FRAX yield). Liquidation risk at 80 % LTV requires a 20 % stable-coin crash; at 85 % LTV a 15 % crash. All strategies are capped to a 90-day pilot; the DAO may rotate capital afterward (e.g., into SPOT liquidity).

What this vote does You are ranking how much of the USDC should stay as a plain LP and how much should be converted into USDaf via a low-risk borrow.

Interpretation: Top-ranked option will guide the binding execution proposal. “No Action” means leave the USDC idle until a new plan emerges.

Emoji	Coffee Codename	Allocation & Parameters	TL;DR
☕️	Vanilla Latte	100 % LP in USDaf/USDC/USDT	Pure 8-9 % APR, zero borrow risk
🥛	Half-and-Half 80	75 % LP + 25 % USDaf (mint at 80 % LTV)	Light borrow; two-sided POL; low liquidation risk
🥛☕️	Half-and-Half 85	75 % LP + 25 % USDaf (mint at 85 % LTV)	Slightly higher Gem yield; moderate liquidation band
🍪	Flat-White 80	50 % LP + 50 % USDaf (80 % LTV)	Balanced exposure; larger DAO-owned USDaf bag
🍪☕️	Flat-White 85	50 % LP + 50 % USDaf (85 % LTV)	Aggressive Gem farming; higher liquidation risk
🚫	No Action / Rework	Keep USDC idle; revisit later	0 % APR; no ecosystem advance

Off-Chain Vote

100 % LP in USDaf/USDC/USDT

0 FORTH0%

75 % LP + 25 % USDaf (mint at 80

2.08K FORTH55.1%

75 % LP + 25 % USDaf (mint at 85

755.72 FORTH20%

50 % LP + 50 % USDaf (80 % LTV)

0 FORTH0%

50 % LP + 50 % USDaf (85 % LTV)

0 FORTH0%

Keep USDC idle; revisit later

945.31 FORTH25%

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Discussion

How should the DAO deploy $2 M USDC into USDaf ecosystem?

Timeline

Jun 09, 2025Proposal created

Jun 10, 2025Proposal vote started

Jun 13, 2025Proposal vote ended

Jun 13, 2025Proposal updated

Emoji

Coffee Codename

Allocation & Parameters

TL;DR

☕️

Vanilla Latte

100 % LP in USDaf/USDC/USDT

Pure 8-9 % APR, zero borrow risk

🥛

Half-and-Half 80

75 % LP + 25 % USDaf (mint at 80 % LTV)

Light borrow; two-sided POL; low liquidation risk

🥛☕️

Half-and-Half 85

75 % LP + 25 % USDaf (mint at 85 % LTV)

Slightly higher Gem yield; moderate liquidation band

🍪

Flat-White 80

50 % LP + 50 % USDaf (80 % LTV)

Balanced exposure; larger DAO-owned USDaf bag

🍪☕️

Flat-White 85

50 % LP + 50 % USDaf (85 % LTV)

Aggressive Gem farming; higher liquidation risk

🚫

No Action / Rework

Keep USDC idle; revisit later

0 % APR; no ecosystem advance