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CRE8R DAOCRE8R DAOby0x3c5Aac016EF2F178e8699D6208796A2D67557fe2ceazor.eth

Idle Eth is ethgly

Voting ended over 4 years agoSucceeded

I would like to propose we put 20 ETH of our idle ETH into the Mushrooms vault.

https://mushrooms.finance/vaults

The protocol is currently displaying 27.9% Adjusted APR

It's running a strategy where is uses the ETH to borrow USDP to farm yield on curve.

I have had many conversations with the devs of this protocol and can vouch for their intents and abilities.

we can also, if we want stake our vault share to farm Mushroom tokens 0.62% Total APR but i don't think this is needed and would warrant the gas..

There is also the idea that we might need this ETH to LP in the near future.

I suspect the cost to enter and exit will be 0.02 x 2 = 0.04ETH

20 ETH x 0.25 = 5 5/ 365days = 0.0136

so therefore, it will take approximately 3-4 days to recoup the gas loss

NOTE! This proposal ends on Oct 26, 2021, if the APR changes drastically to the downside on this time. Then this proposal is invalidated!!

Off-Chain Vote

Hodl the ETH. no 🍄
4 57.1%
Vault the ETH
2 28.6%
Vault and farm 🍄
1 14.3%
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Timeline

Oct 23, 2021Proposal created
Oct 23, 2021Proposal vote started
Oct 26, 2021Proposal vote ended
Nov 09, 2025Proposal updated