CIP043 - StableCoin APR Boost

With the market downturn, the Qi price is starting to take a hit - and with that, our QiDAO MAI/USDC LP APR. We expect the price to fall farther.

It currently sits around 5.35% which is typical for a stablecoin APR, but the OtterClam treasury deserves better, don't you think?

There is currently $937K in MAI/USDC LP @ 5.35% - about $50,000/year in rewards

Here what we propose: 33.3% remains in MAI/USDC - 5.35% APR - $16,693/year 33.3% is sold into USD+ and held - 7.5% APR - $23,401.58 33.3% is sold as DAI and placed in the Gains Protocol DAI counterparty vault - 10.8% APR - $33,698

Total yield - $73,792.85

It's a 50% boost to yield on the same capital with little added risk. Seems like a win/win

You can see the GNS DAI vault info here: https://gains-network.gitbook.io/docs-home/liquidity-farming-pools/dai-vault