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.