MIP-5 Yielding USD Position Gro Protocol
Gro protocol propose to help Merit Cicle DAO manage $2.5MM of the treasury fiat position through their risk tranched stablecoin PWRD, which offers deposit protection while generating yield.
They propose, after discussion with the community, to allocate to the following positions:
- 1.25MM in PWRD
- 1.25MM in PWRD-3CRV (staked on Gro)
Read the full proposal and discussion here: https://gov.meritcircle.io/t/proposal-partner-with-gro-protocol-for-treasury-management/141/15
Should Merit Circle DAO allocate 2.5MM to PWRD and PWRD-3CRV?
Off-Chain Vote
Yes
1.04M 19.7%
No
4.24M 80.3%
Timeline
Dec 08, 2021Proposal created
Dec 08, 2021Proposal vote started
Dec 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated