OIP-13: Deposit $1M of excess reserves into Aave
Summary: Deposit $1M of DAI into Aave, representing 11.489% (2√33 percent) of excess treasury reserves as of 6/30. Benefits include:
- Yield on excess stablecoin reserves
- Fostering strategic partnership with Aave
- Accumulate stkAAVE rewards
Additional context and discussion available on the the OIP-13 forum post: https://forum.olympusdao.finance/d/44-oip-13-what-of-excess-dai-should-olympus-deposit-into-aave/
Treasury contract to view excess reserves (line 11): https://etherscan.io/address/0x31f8cc382c9898b273eff4e0b7626a6987c846e8#readContract
For: Deposit $1M of excess reserves into Aave Against: Do not touch excess reserves
Off-Chain Vote
For: Deposit $1M DAI into Aave
56.83K 99.8%
Against: Do not touch reserves
118.69 0.2%
Timeline
Jun 30, 2021Proposal created
Jun 30, 2021Proposal vote started
Jul 03, 2021Proposal vote ended
Oct 26, 2023Proposal updated