BIP#40: Deposit 50% of BendDAO's Treasury USDT into the New USDT Lending Pool

The new USDT lending pool goes live on BendDAO. To fuel the successful operation and adoption of this new pool, this proposal is proposed to deposit a portion of the USDT in BendDAO's Treasury funds to the New USDT lending pool.

Motivation

The main motivation behind this proposal is to enhance the operational functionality of our new USDT lending pool. By transferring a portion of the USDT from the treasury to the lending pool, it aims to

1. Provide better USDT liquidity to borrowers, which should help attract more users to the platform.
2. Ensure a strong start for the USDT lending pool by providing sufficient funds for borrowers from the outset.
3. Generate additional revenue for the DAO Treasury through lending interest, which could contribute to the long-term financial sustainability of BendDAO.

Next Step

At present, the DAO Treasury holds 280,855 USDT. 140K USDT which is around 50% of this amount is proposed to deposit into the USDT lending pool. All interest generated from this action will belong to the DAO Treasury.

DAO Treasury: https://debank.com/profile/0x472fcc65fab565f75b1e0e861864a86fe5bced7b/

Voting Quorum: Approximately 100M veBEND (20% of the total supply)

Pass Rate: Over 80% Approve

The voting will last for 3 days.