Proposal 5 - Add Midas Vaults to Backing Reserve Distribution & Max Allowances
Summary This proposal seeks to include Midas mMEV, Midas mAPOLLO, Midas mRe7Yield in the USP backing strategies by adding it to the reserve distribution and max allowances list. Integrating Midas vaults will diversify USP’s collateral base while maintaining stability and enhancing yield opportunities for the protocol.
Rationale USP’s long-term stability depends on a diversified and resilient reserve. Adding Midas vaults strengthens the reserve framework by introducing a new yield-generating asset that complements existing stablecoin-based reserves. By listing Midas mMEV, Midas mAPOLLO, Midas mRe7Yield under both the max allowance framework and reserve distribution, USP can safely and transparently integrate this new strategy into its collateral structure.
USP Max Allowance Additions
| RATE | CRYPTO / STRATEGY | TYPE | DETAILS |
|---|---|---|---|
| 10% | Midas mMEV | On-Chain | midas.app/mmev |
| 10% | Midas mAPOLLO | On-Chain | midas.app/mapollo |
| 10% | Midas mRe7Yield | On-Chain | midas.app/mre7yield |
USP Reserve Backing Distribution Table Additions
| RATE | CRYPTO / STRATEGY | TYPE | DETAILS |
|---|---|---|---|
| 2.5% | Midas mMEV | On-Chain | midas.app/mmev |
| 2.5% | Midas mAPOLLO | On-Chain | midas.app/mapollo |
| 2.5% | Midas mRe7Yield | On-Chain | midas.app/mre7yield |
Before
| RATE | CRYPTO / STRATEGY | TYPE | DETAILS |
|---|---|---|---|
| 50% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On-Chain | balsafinance.com |
| 10% | Ethena sUSDe | On-Chain | ethena.fi |
| 10% | USD AI sUSDai | On-Chain | usd.ai |
| 10% | Giza Arma Agent | On-Chain | arma.xyz |
| 10% | Almanak Autonomous Liquidity USD | On-Chain | almanak.co |
| 5% | Aave aUSDT | On-Chain | app.aave.com/reserve-overview |
| 2.5% | Cap USD cUSD | On-Chain | cap.app |
| 2.5% | Cap USD stcUSD | On-Chain | cap.app |
After
| RATE | CRYPTO / STRATEGY | TYPE | DETAILS |
|---|---|---|---|
| 50% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On-Chain | balsafinance.com |
| 10% | USD AI sUSDai | On-Chain | usd.ai |
| 10% | Giza Arma Agent | On-Chain | arma.xyz |
| 10% | Almanak Autonomous Liquidity USD | On-Chain | almanak.co |
| 5% | Aave aUSDT | On-Chain | app.aave.com/reserve-overview |
| 2.5% | Cap USD cUSD | On-Chain | cap.app |
| 2.5% | Cap USD stcUSD | On-Chain | cap.app |
| 2.5% | Ethena sUSDe | On-Chain | ethena.fi |
| 2.5% | Midas mMEV | On-Chain | midas.app/mmev |
| 2.5% | Midas mAPOLLO | On-Chain | midas.app/mapollo |
| 2.5% | Midas mRe7Yield | On-Chain | midas.app/mre7yield |
Off-Chain Vote
For
7.18M sPIKU100%
Against
0 sPIKU0%
Abstain
0 sPIKU0%
Timeline
Oct 14, 2025Proposal created
Oct 14, 2025Proposal vote started
Oct 16, 2025Proposal vote ended
Oct 16, 2025Proposal updated