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Empyrean DAOEmpyrean DAOby0x9c6d0D1138E3AAabaE16a605326ECFec460b18b20x9c6d…18b2

EIP001 - Invest Treasury in Trisolaris USDC-USDT liquidity pool

Voting ended about 4 years agoSucceeded

Summary: Leveraging the Empyrean treasury and generating yields during the current volatile times. We are proposing an investment into a stable LP on Trisolaris that generates TRI as yield, which can be staked or pooled for additional yield.

Proposal: We intend to convert our treasury's USDC assets to a USDC-USDT stable position on Trisolaris. It will provide us with passive income from TRI rewards.

We will earn somewhere around 12% APR on this. Fees are accrued in real time and can be claimed by withdrawing our liquidity. Because we're dealing with stablecoins, this is quite risk-free.

Earned TRI can either be staked to earn 36% of the staking APY or can be divided in half and converted to USDT to be invested in the TRI-USDT pool to earn additional and higher rewards for the Empyrean treasury, though this introduces a risk prone yield of 184% APR (TRI-USDT farm pool). The Trisolaris farm rewards will be harvested every Monday.

Proposed vote options will be: A) Deploy 300k into USDC-USDT farm on Trisolaris and stake our TRI B) Deploy 300k into USDC-USDT farm on Trisolaris and convert half of earned TRI to USDT and then pair it with remaining TRI and put on TRI-USDT pool for higher APYs. C) None of the above

Off-Chain Vote

A
1.09K 2.1%
B
49.75K 97.9%
C
0 0%
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Timeline

Jan 27, 2022Proposal created
Jan 27, 2022Proposal vote started
Jan 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated