[DAO] Diversification of Stablecoin Reserves on the Optimism Blockchain

Summary of the Proposal: This proposal aims to diversify the DAO BIM Finance stablecoin reserves by adding holdings on the Optimism blockchain (OP). Currently, our stablecoin reserves are exclusively held in CRVUSD on the Polygon blockchain, making us one of the top 10 holders of this token on-chain. While CRVUSD remains a relatively decentralized stablecoin, expanding our reserves across multiple blockchains will enhance security, flexibility, and decentralization.

Given our increasing revenues and the upcoming launch of our decentralized crypto yield optimizer staking product, which is expected to significantly increase our TVL, we believe Optimism will be among the top three chains alongside Polygon and Base. This diversification aligns with our long-term strategy of supporting decentralized and censorship-resistant financial solutions.

Context: Our current stablecoin reserves are solely in CRVUSD on Polygon, which, while decentralized, poses a concentration risk. Diversification into other decentralized stablecoins across different chains will enhance stability and resilience. The BIM Finance protocol is growing rapidly, with an increasing need to optimize the management of fees collected across various blockchains. The Optimism blockchain is poised to play a crucial role in our protocol, and establishing a stablecoin reserve there will improve operational efficiency. The future yield optimizer staking product is expected to generate significant revenue and necessitates strategic planning for treasury management.

Proposal Details: We propose to allocate a portion of the DAO's stablecoin reserves to the Optimism blockchain, prioritizing decentralized stablecoins that align with our values of financial freedom and decentralization.

Stablecoins under consideration:

• CRVUSD (Curve Finance) – A decentralized and overcollateralized stablecoin with strong backing and robust liquidity.
• sUSD (Synthetix) – A stablecoin backed by the Synthetix protocol, providing a decentralized alternative within the Optimism ecosystem.
• HAI (Lets get hai) – A promising decentralized stablecoin offering unique stability mechanisms.
• LUSD (Liquity V1 and upcoming V2) – A fully decentralized stablecoin with zero-interest loans and overcollateralization on Ethereum, with Optimism integration on the horizon.

The community will decide which stablecoin should be added to the Optimism blockchain reserve to ensure optimal diversification and risk management.

Voting Options: Allocate DAO reserves in CRVUSD on Optimism. Allocate DAO reserves in sUSD on Optimism. Allocate DAO reserves in HAI on Optimism. Allocate DAO reserves in LUSD V1/V2 on Optimism. Do not diversify; maintain the current reserve structure on Polygon.

Voting Process: BIM token holders are invited to vote for one of five options. The vote will determine BIM Protocol's strategy for the use of stable in its treasury.

Voting Instructions:

• Connect to the voting platform using your wallet.
• Select the proposal regarding the opening of vote submissions.
• Choose the option that you believe best aligns with the vision and strategic objectives of BIM Protocol
• Confirm your vote.

Voting Period: Voting will begin on [21/01/2025] and conclude on [24/01/2025]

We encourage every member of the BIM Protocol community to participate in this crucial vote. Your voice will guide the future of our platform and strengthen our position in the blockchain ecosystem.