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