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Allocation of Gameplay Treasury DAI to Curve Yield Generation

Voting ended about 5 years agoSucceeded

Background:

Proposal for "Treasury distribution #QmYouTx" has passed. With this proposal it has been determined that 45% of the treasury will be allocated towards yield generation.

  1. 50% to the Uniswap ETH-DG pool
  2. 50% to farming with stable coins (strategy to be determent via Proposal Vote)

Point 1: regarding the Uniswap ETH-DG pool has been executed by the team Point 2: regarding stablecoin yield farming needs a proposal to determine where to place the capital

Proposal

Place the 50% of the capital (DAI Stablecoin) that has been allocated for yield generation into a Curve stable coin pool: https://www.curve.fi

Rationale

Depositing DAI on Curve is a relatively safe farming strategy and currently gives an APY of ~30% including CRV rewards. With choosing Curve we choose a defi product that avoids the risk of yield farming on a centralized exchange.

Off-Chain Vote

Yes
33.96K 100%
No
0 0%
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Timeline

Feb 17, 2021Proposal created
Feb 17, 2021Proposal vote started
Feb 21, 2021Proposal vote ended
Oct 26, 2023Proposal updated