• © Goverland Inc. 2026
  • v1.0.1
  • Privacy Policy
  • Terms of Use
BasketDAOBasketDAOby0x8F60D79FE3dF6CD0E3a44288AD2F41Af134D813eyungpeso.eth

Should the team investigate the use of KP3R as an automation tool for Basket Dao?

Voting ended over 4 years agoSucceeded

In the spirit of Defi legos being the future of finance, I propose that the team investigate the potential of KP3R in the automation of multiple aspects of BasketDAO.

The 3 main use cases for KP3R integration with BasketDAO are, the automation of the DPI migration tool with oracles that monitor gas prices for the best time to convert DPI based on a preset gas limit or DPI pool size. The rebalancing of DPI based on DAO votes using a preset gas limit to avoid high fees. Finally, KP3R can be used to achieve a higher yield for BDPI by automatically compounding the yields of its staked constituents.

A moonshot use-case could be the yield optimization of BDPI using a library of DAO-approved yield farming platforms where keepers continuously seek out the highest yielding vaults from each platform and stake until a better APY is found within that library of farming protocols. Effectively giving risk-free additional APY with minimal downside due to the economies of scale in comparison to the associated gas costs.

Off-Chain Vote

Yes
0 0%
No
0 0%
Download mobile app to vote

Timeline

Apr 09, 2021Proposal created
Apr 11, 2021Proposal vote started
May 11, 2021Proposal vote ended
Jun 12, 2024Proposal updated