Currently, the only Convex pool that OUSD is deployed to is Curve's 3Pool, which nets ~5% vAPR.
This proposal is to add Curve's Compound pool as an additional strategy that can be voted on in the weekly allocation vote. According to Convex Finance, this currently nets ~9.5% vAPR, and is comprised of USDC & DAI.
The TVL of the pool is $152m, and it's been around almost a year. It seems a relatively low-risk additional pool which could further improve OUSD APY.