Proposal 28 – Increase Allocation to BMMF Turkey Stablecoin FX Arbitrage Strategy

Summary

This proposal seeks to increase the allocation to the BMMF Turkey Stablecoin FX Arbitrage Strategy within the USP backing framework from 70% to 75%. The adjustment reflects the strategy’s consistent performance and its role as a core yield-generating component of the backing structure.

Rationale

The BMMF Turkey Stablecoin FX Arbitrage Strategy has demonstrated consistent, market-neutral returns and strong capital efficiency, making it a reliable foundation for USP backing. Increasing its allocation from 70% to 75% allows the protocol to scale exposure to a proven and stable yield source, enhancing overall backing performance without introducing additional directional risk.

This adjustment also reflects a strategic preference for predictable and resilient yield generation, reinforcing USP’s ability to maintain stability while delivering sustainable returns. By allocating more capital to a strategy with an established track record, the protocol strengthens its core backing structure while maintaining a disciplined and risk-aware approach to capital allocation.

Pre Proposal:

RATE	CRYPTO	TYPE	Details
70%	BMMF Turkey Stablecoin FX Arbitrage Strategy	On Chain	https://www.balsafinance.com/
10%	USD AI sUSDai	On Chain	https://usd.ai/
5%	Upshift earnAUSD	On Chain	https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA
2.5%	Yuzu Money syzUSD	On Chain	https://yuzu.money/
2.5%	Midas mF-ONE	On Chain	https://midas.app/mfone
2.5%	Staked NUSD (sNUSD)	On Chain	https://www.neutrl.finance/
2.5%	Aave aUSDT	On Chain	https://app.aave.com/reserve-overview/?underlyingAsset=0xdac17f958d2ee523a2206206994597c13d831ec7&marketName=proto_mainnet_v3
2.5%	Midas mHYPER	On Chain	https://midas.app/mhyper
2.5%	Avant Staked USD	On Chain	https://app.avantprotocol.com/products

Post Proposal:

RATE	CRYPTO	TYPE	Details
75%	BMMF Turkey Stablecoin FX Arbitrage Strategy	On Chain	https://www.balsafinance.com/
10%	USD AI sUSDai	On Chain	https://usd.ai/
5%	Upshift earnAUSD	On Chain	https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA
2.5%	Yuzu Money syzUSD	On Chain	https://yuzu.money/
2.5%	Midas mF-ONE	On Chain	https://midas.app/mfone
2.5%	Staked NUSD (sNUSD)	On Chain	https://www.neutrl.finance/
2.5%	Midas mHYPER	On Chain	https://midas.app/mhyper