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Spartacus DAOSpartacus DAOby0x547991a0FCc6dCA62734FeDAbA5901faF717706a0x5479…706a

SIP-012 Allocation of $10M Dai from treasury to Curve Stable coin yield farming

Voting ended about 4 years agoSucceeded

Time to put more treasury fund to work.

As we are transitioning to a more investment centric DAO, the earnings of the treasury funds will be used to buyback SPA (to be burned). We are taking regimented steps to put our treasury into earnings mode gradually.

We have completed testing around the required contract work and ready to deploy soon.

The target curve pool would be 2Pool or Geist Pool with stable APR around ~9%. The treasury will be farming CRV, wFTM and/or Geist, which will then be swapped into SPA tokens.

Proposal: Allocate $10M Dai from treasury to Curve stable coin yield farming (2Pool or Geist Pool)

Yea - for the proposal Nay - against the proposal

Off-Chain Vote

Yea
31.77K 66.2%
Nay
16.21K 33.8%
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Timeline

Jan 02, 2022Proposal created
Jan 02, 2022Proposal vote started
Jan 03, 2022Proposal vote ended
Oct 26, 2023Proposal updated