CIP021: Moving MAI/USDC Liquidity to TetuSwap

Our $1,386,000 MAI/USDC QiDAO farm is currently yielding 7.85% APY, or $108,801/year in Qi rewards. The other popular farm on QiDAO, the WMATIC/Qi farm, is currently yielding 77% APY. It would only take $140,100 of WMATIC/Qi liquidity to earn the same amount of Qi per year as our entire MAI/USDC farm does currently.

So, I propose we convert $386,000 MAI/USDC into WMATIC/Qi and deposit into that QiDAO farm, which would more than double our Qi yield immediately and give us expanded Qi voting power (we have no voting power with MAI/USDC. If we did what I propose we would have $170k more Qi than we did before conversion, since half of the WMATIC/Qi farm is obviously Qi).

We then move the remaining $1M of MAI/USDC to TetuSwap, getting similar or slightly better APY with that $1M, only in Tetu rewards now instead of Qi rewards. We would deposit the Tetu into the DxTetu pool for governance power. We are now free to also move our CLAM/MAI LP to TetuSwap as well, and let that begin earning QL yield as well as trading fees.

This entitles us to a special airdop of 300k Tetu/month between the 2 LPs, which at current prices is about $9,500/month of new assets and governance power that we do not currently receive..... RogueAD | UTC -4 — 04/26/2022 ........................................................................................................

TL:DR

Pros:

• almost 3x Qi yield rewards than we are currently receiving from our MAI/USDC farm on QiDAO, at current APYs ($297,220/year in Qi)
• Approx. $170k more Qi than we currently have for governance/bribe income immediately following the stablecoin conversion to WMATIC/QI
• Brand new yield in the form of QL rewards for our $1M MAI/USDC LP (about 10% APY, according to Tetu core) and $750k CLAM/MAI LP (unknown APY, but I would expect much less, maybe 2-4%?)
• The MAI/USDC is currently in a QiDAO farm, meaning it is not earning trading fees. On TetuSwap it would be a DEX LP and would earn trading fees. Stablecoin APYs are low but could be 3-5% apy on top of the alleged 10% QL APY for the same LP
• 300k Tetu/month in special incentive airdrops to bolster/diversify treasury and added Tetu governance (more bribe income?)

Potential Cons:

• We would be moving our CLAM liquidity from a well-known DEX (QuickSwap) to a lesser-known one (TetuSwap). There are ways to mitigate this detriment (putting links to the TetuSwap CLAM buy page on our websites, etc)
• We would be converting $386k from safe (and low-yielding) stablecoins to more volatile (and higher-yielding) assets. That always carries some risk, but with the depressed market it might be a good time to do that conversion anyway. Someone more TA-oriented can help us out here.

We can: 1.) Go the proposed route of converting $386K to Matic/Qi and leaving it in a farm on QiDAO while migrating the rest to TetuSwap.

2.) Migrating the whole $1.386M stablecoin LP to TetuSwap (Tetu had requested this but I didn't commit to it)

3.) Do Nothing