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RuGenerous DAORuGenerous DAOby0xCcF932cd565C21D2e516C8fF3a4f244eEa27e09a0xCcF9…e09a

RIP #18.3 Utilization of Treasury Funds - Staking Service

Voting ended almost 4 years agoSucceeded

RIP 18.1 to use treasury's stablecoins for staking in Curve's a3crv pool to gain ~2% apy in fees + ~8% apr in Avax has passed. Some brief discussion was had in Discord about using a different stablecoin pool for more income, some examples given were UST-USDC on Pangolin (https://app.pangolin.exchange/#/png/0x260Bbf5698121EB85e7a74f2E45E16Ce762EbE11/0xB97EF9Ef8734C71904D8002F8b6Bc66Dd9c48a6E/2) paying out ~30% apr in the form of Pangolin+Luna+Avax, USDC.e-USDC on Curve (https://avax.curve.fi/factory/30) paying a varying ~5-50% apy in fees, or 3poolV2 on Curve (https://avax.curve.fi/factory/4) paying a varying ~1-30% apy in fees. This proposal is to confirm usage of the a3crv pool or assess other stablecoin staking options.

Off-Chain Vote

Use a3Crv pool
26.9K 97%
Assess other options
832.28 3%
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Timeline

Feb 11, 2022Proposal created
Feb 11, 2022Proposal vote started
Feb 14, 2022Proposal vote ended
Oct 26, 2023Proposal updated