Summary 📑

Invest $2.3M USDC from Shutter DAO’s treasury into Yelay’s DeFi Blue Chip Vault, optimized to deliver superior returns of 15% APY, equivalent to $345k USDC annually. Yelay’s vault leverages advanced auto-compounding, rebalancing across leading stable strategies like Morpho, Ethena, Gearbox, and Yearn, and operates without any fees—ensuring maximum yield retention and simplicity in management.

Key advantages over competitors: • Higher Projected Yields: Consistent double digit returns, currently between 15-20% • Reduced Fee Policy: No management, entry and exit fees the vault just includes a 10% performance fee. • Operational Simplicity: Our “set and forget” approach ensures no active management from Shutter DAO, with advanced automations handling all rebalancing and compounding. • Total Control and Flexibility: Full real-time transparency, with the ability for Shutter DAO to withdraw increase funds at any moment without restrictions. • Secure Investments: Over $280M routed so far with $400K invested in security audits, a $1.5M bug bounty program and a dedicated risk team ensures unparalleled safety.

Operational Details 📬

• Vault Choice: Select Yelay’s custom-made DeFi Blue Chip Vault, specifically designed for conservative yet effective yield generation. • Initial Investment: Propose the full amount of $2.3M USDC to capitalize on optimal market conditions and maximize returns. • Yield Handling: All generated yield will be auto compounded or it can be automatically directed back to Shutter DAO’s treasury, at the chosen periodicity (e.g. monthly, quarterly, or yearly), enhancing treasury growth.

Shutter DAO DeFi Bluechip Vault

Shutter’s DeFi Bluechip vault would include our tailored DeFi strategies: ● Ethena USDC: Deposit USDC in order to exchange it to USDe, stake it and receive yield-bearing sUSDe ● Yearn V3: Yearn V3 USDC deposits USDC to Compound V3 USDC and Aave V3 USDC pools and compounds rewards. ● Gearbox V3: The Gearbox USDC strategy supplies $USDC to the Gearbox V3 protocol to accrue APY, and then converts accumulated $GEAR tokens in $USDC to be compounded. ● Morpho-Gauntlet: The Gauntlet USDC Prime vault aims to optimize for risk-adjusted yield across large market cap and high liquidity collateral markets. Current expected APY: 15%-20% Expected generated yield: $345k USDC - $460k USDC

Motivation

Yelay aims to substantially grow Shutter DAO’s financial base with minimal operational demand and maximum security. This proposal aligns with Shutter’s objectives of enhancing financial efficiency and strategic growth, providing a straightforward, low maintenance, effective solution to treasury management.