Author: theIntuitiveQ#9584, cyberhang.eth#9643, oriol#2775 Start Date: 1/3/2022 1PM ET End Date: 1/6/2021 5PM ET

Summary

In the context of GCR’s Treasury diversification and investment optimization, we present a diversified strategy of using the combination of three options to invest $100,000 USDC stablecoin holdings in farming or staking platforms.

Motivation

Instead of holding USDC idly in our DAO Treasury, we plan to deploy a small fraction of less than 10% of total USDC holdings in yield generating farming and staking platforms. The choice of the three options was dictated by four criteria:

• ensure the return of invested principal,
• feasibility of implementation,
• minimum operation costs, and
• avoidance of counterparty risk.

Specification

1. Stake $35,000 USDC (35% of the 100,000 GCR USDC balance) on Aave for next 12 months
2. Stake $35,000 USDC (35% of the 100,000 GCR USDC balance) on Compound for next 12 months
3. Stake $30,000 USDC (30% of the 100,000 GCR USDC balance) on Yearn for next 12 months

Vote

The ‘Single choice voting’ Snapshot voting system will be used for this proposal, meaning each voter must hold at least 1 GCR token to be able to vote and may select only one choice:

Yes - Approve the USDC farming strategy outlined above No - Reject the USDC farming strategy outlined above