I propose rolling out a new Convex Strategy with a $300,000 starting allocation.
Convex is a layer on top of Curve pools to boost yields by increasing CRV rewards via vote locked veCRV. Using Convex should earn about 60% more than directly using Curve's 3Pool, and be a higher yield than the current lending pool strategies OUSD uses.
After a community vote to build a Convex strategy for OUSD, the a new Convex strategy is ready for deployment. Origin core team member Yu-Pan has written the majority of the code, with contributions from myself (dvf) and Tom Linton.
Pull request for the new strategy is here: https://github.com/OriginProtocol/origin-dollar/pull/768
The rollout process would be:
With approval from this proposal:
Towards the end of this shakeout period, everyone can evaluate yield and decide on the next allocation amount.