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Muse DAOMuse DAOby0x4B5922ABf25858d012d12bb1184e5d3d0B6D6BE4musedao.eth

Move stable coins of treasury for yield

Voting ended over 4 years agoSucceeded

Thanks to Bailey's initial idea, we are proposing to deposit 90% of the treasury stable coin into yearn.fi , minus the amount that is allocated for the Rewards Committee ($50k was approved previously),

Yearn has been sufficiently battletested for us to deposit our funds. We should use the native vaults (USDC into USDC Vaults) and try to limit exposure to USDT as there are always concerns with Tether being unbacked.

Off-Chain Vote

YES
58.73K 90.1%
NO
6.46K 9.9%
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Timeline

Sep 04, 2021Proposal created
Sep 04, 2021Proposal vote started
Sep 07, 2021Proposal vote ended
Mar 21, 2025Proposal updated