Summary 📑

Implement new lending yield farming strategies from Euler Finance.

Proposal 📬

Spools are created by building on the included set of potential yield strategies. With every additional strategy, the Spool toolbox gets larger and more attractive for new Smart Vault Creators from diverse backgrounds.

Therefore, with this vote the following new strategy shall be made possible for Smart Vault Creators to pick from:

Euler Finance

The Euler Finance [$CURRENCY] Lending Strategy provides assets to the DeFi protocol of Euler Finance for lending and, therefore, receives yield.

[$CURRENCY] stands for the chosen currency of the respective Smart Vault.

The technical implementation of the strategy will be audited.

Motivation 🔥

The continuous integration of new protocols into the pool of available strategies grows the possible combinations of Smart Vaults by an order of magnitude each time. While the yields of this specific strategy might not be on the higher end yet, they open up new possibilities for investors to align the design of their Smart Vaults with their preferences and, therefore, attract more TVR, which leads to an overall more prosperous Spool DAO ecosystem.

The technical implementation of the strategy will be audited.

Vote 🗳

With “Yes” you vote to implement the Euler Finance Lending Strategy into Spool and increase the offering for new Smart Vault Creators, with “No” you vote against including this strategy.