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StakeWiseStakeWiseby0x25a98Fa0ddf9F2a186EEABa1A92954CF72fFbd540x25a9…bd54

Compound DAO rETH2 into sETH2-Part 2

Voting ended over 3 years agoSucceeded

Proposal This is the formal snapshot vote for this proposal, which can be found more in detail here:

https://forum.stakewise.io/t/converting-treasury-reth2-to-seth2-to-generate-additional-yield-swip/997?u=s3rg.

I propose we take the remaining roughly 197 rEth2 in the merkle distributor and convert it to sETH2 to gain additional yield in addition to the about 182 sETH2 already in the Stakewise Multisig here: 0x144a98cb1CdBb23610501fE6108858D9B7D24934

Specification Step 1. The team will claim the roughly 197 rETH2 from the merkle distributor.

Step 2: The team will then convert the rETH2 claimed to sETH2 to gain additional yield.

This will be a manual process due to price slippage risk. Therefore no transaction ids needed.

Off-Chain Vote

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5.64M SWISE100%
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0 SWISE0%
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Discussion

StakeWiseCompound DAO rETH2 into sETH2-Part 2

Timeline

Dec 12, 2022Proposal created
Dec 12, 2022Proposal vote started
Dec 21, 2022Proposal vote ended
Oct 26, 2023Proposal updated