CIP018 - Investing Strategy for Polygon Liquidity Mining Funds
Hello everyone!
Per Otto King's announcement, we have been chosen by Polygon through their Liquidity Mining 2.0 program to receive a large stimulus of MATIC tokens. We will begin to receive monthly airdrops of MATIC, totaling about 100k MATIC over a 6 month period. Polygon is awarding these tokens to us to help us grow, and as such we can use them however we wish. So it's time to decide how best to invest our newfound capital! Here are some suggestions proposed so far:
1.) Deposit to QiDAO MATIC vault; borrow MAI and deposit the borrowed MAI to the MAI/USDC farm on QiDAO (currently about 17% APY, paid out in Qi) 2.) Deposit to Tetu AAVE-MAI-BAL MATIC strategy https://app.tetu.io/vault/0xef7b706ca139dbd9010031a50de5509d890ce527 (about 8% APY paid out in xTETU) 3.) Swap for TetuQi (25% APY, paid in xTETU) 4.) Deposit to Qi/MATIC Farm on QiDAO (currently 86% APY, paid in Qi)
...or any combination thereof, or a completely new strategy if you think one is better. Please give us your input!
Remember, a robust treasury is key to the success of OtterClam. Not only does more treasury yield increase the strength of buybacks when we are below backing price, but per the current setup of cip017-apy-above-backing-price, treasury yield will be used as a base for higher APY above backing price. So this is a great windfall for the protocol in many respects - let's put it to use in the best way possible!
Off-Chain Vote
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- Author
0x4122…664E
- IPFS#QmZ4JUBE
- Voting Systemsingle-choice
- Start DateApr 05, 2022
- End DateApr 08, 2022
- Total Votes Cast12.33K vPEARL
- Total Voters83
Timeline
- Apr 05, 2022Proposal created
- Apr 05, 2022Proposal vote started
- Apr 08, 2022Proposal vote ended
- Oct 26, 2023Proposal updated