Proposal 2 - Establish Maximum Allowances for Reserve Backing Strategies

Summary This proposal sets maximum allowance limits for PikuDAO’s reserve backing strategies. It ensures diversification, reduces risk, and provides clear boundaries for how DAO funds can be allocated.

Rationale To maintain risk-controlled diversification and ensure transparent treasury management, PikuDAO must define the maximum allowance limits for each asset in which USP’s reserves can be deployed.

By introducing these caps, the DAO:

• Prevents overexposure to any single protocol or asset
• Ensures measured, step-by-step diversification from the initial 100% USD stable backing
• Establishes a governance framework where new allocations always require DAO approval
• Reinforces trust and accountability through predefined thresholds
• These maximum allowances represent the upper boundaries of exposure; actual deployment may remain lower and will always be subject to further DAO proposals and approvals.

Reserve Backing Maximum Allowances

RATE	CRYPTO / STRATEGY	TYPE	DETAILS
100%	USDT	On Chain	Tether Stablecoin
100%	USDC	On Chain	Circle Stablecoin
60%	BMMF Turkey Stablecoin FX Arbitrage Strategy	On Chain	Arbitrage Strategy
25%	Ethena USDe & sUSDe	On Chain	Synthetic Stablecoin
25%	Cap USD	On Chain	Stablecoin Platform
25%	USD AI	On Chain	AI-based Stablecoin
25%	Arma Giza Agent	On Chain	AI Agent Strategy
25%	Plasma DeFi Vault	On Chain	Yield Vault
25%	Aerodrome yTRYB/USDC	On Chain	Liquidity Pool
20%	Wasabi Spicy Vault USDC	On Chain	Yield Vault
20%	Aave aUSDT	On Chain	Lending Strategy
20%	Aave aUSDC	On Chain	Lending Strategy
20%	Ondo USDY	On Chain	Yield-Bearing Stablecoin
20%	Pendle PT Strategies	On Chain	Yield Tokenization
20%	Fluid USDT	On Chain	Lending Market
20%	Sky USDS & sUSDS	On Chain	Stablecoin Savings

Suggested Action Approve the above maximum allowance rates as the official limits for USP reserve backing. These caps define the governance-approved range of diversification.

Actual allocations will remain subject to separate DAO proposals for execution.