[SGTM 004]: Generating Yield on DAO Treasury Assets to Support Runway

Avantgarde Finance proposes to further support the ongoing efforts to get Gitcoin profitable 1 by activating idle assets in the Gitcoin DAO treasury 2 to earn yield, grow the reserves, and improve overall financial sustainability.

As part of this proposal, Avantgarde in collaboration with MYSO will manage two different strategies on behalf of the Gitcoin DAO and its treasury:

USDC Strategy: Deploying $5m USDC to a DeFi Yield Vault to earn above mainnet yield.

GTC Strategy: Run an on-chain covered call strategy on GTC to earn yield without selling at depressed market prices, starting with two smaller $250k tranches.

The goal of each strategy is to earn yield, and to earn yield only. There are no intentions to sell/swap any of these tokens, merely to grow the size of the pie.