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Origin DeFiOrigin DeFiby0x96FEb7b6F808dd2BBd09c9E5ccdE77caBd58d019Micah Alcorn

Reallocate USDT from Morpho Compound to Morpho Aave

Voting ended about 2 years agoSucceeded

With the launch of Morpho Blue earlier this month, the CompoundV2 Optimizer is no longer receiving MORPHO rewards.

https://forum.morpho.org/t/mip-morpho-rewards-on-optimizers-post-morpho-blue-launch/416

OUSD currently has 99.45% of its USDT holdings allocated to Morpho CompoundV2. These funds should be allocated to Morpho AaveV2 to maximize our MORPHO rewards. In addition to the MORPHO rewards opportunity, AaveV2 is more lucrative than CompoundV2 based purely on the APY. At the time of writing, the CompoundV2 APY is 8.56% and 10.06% with P2P matching while the AaveV2 APY is 11.33% and 16.85% with P2P matching.

If approved, this proposal will direct the OUSD strategists to move approximately 4,584,515 USDT from the Morpho Compound strategy to the Morpho Aave strategy and make it the default for any new USDT deposits.

Off-Chain Vote

For
143.12M veOGV92%
Against
0 veOGV0%
Abstain
12.39M veOGV8%
Quorum:311%
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Discussion

Origin DeFiReallocate USDT from Morpho Compound to Morpho Aave

Timeline

Jan 20, 2024Proposal created
Jan 20, 2024Proposal vote started
Jan 23, 2024Proposal vote ended
Nov 05, 2025Proposal updated