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OUSD: Allocate 100% of DAI to AAVEv2

Voting ended over 4 years agoSucceeded

I propose allocating all OUSD DAI to AAVE v2, and using that as the default strategy for handling DAI. Currently this is 9.6 million DAI, and approximately 35% of OUSD’s total supply.

OUSD’s new AAVE v2 strategy has been running successfully for two weeks holding approximately $900,000. This completes the testing period voted on in the snapshot vote.

The yield for AAVE v2 DAI is slightly higher, and as important, this will diversify risk by having OUSD’s funds split between two different lending platforms.

Off-Chain Vote

For
458.93K 99.4%
Against
2.93K 0.6%
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Timeline

Oct 25, 2021Proposal created
Oct 25, 2021Proposal vote started
Nov 01, 2021Proposal vote ended
Oct 26, 2023Proposal updated