Gas prices on Ethereum L1 continue to bar users from participating in DeFi, and Stacker Ventures is excited to be launching an Active Yield Fund on Polygon. Though the launch of Active Yield Funds on Ethereum L1 provides savings over yield farming with many automated yield aggregators, staking and claiming STACK still requires significant gas.
A USDC Active Yield Fund will be launched and STACK will be bridged to Polygon.
In the interest of supporting the launch on Polygon, the DAO Council proposes withdrawing 25,000 STACK to be used as rewards for participants in the USDC AYF as well as liquidity providers.