If approved, this proposal will add a new option to deploy resources held within the StarSeeds Protocol's Gnosis Safe.
DAI is the number one overcollateralized stablecoin generated via DAO controlled protocol. Meshswap is an DEX protocol with yield enhancing farm technology. oDAI is a Orbit Multichain bridge protocol controlled wrapper for DAI.
6X leverage on DAI/oDAI on Meshswap is currently awarding 111% APR. Over the last week APR rate has ranged up and down from 90-150%. Return rate is expected to taper down to 15-40% over the next 2-8 weeks.
Deposit/Withdraw fees are variable and range from 1.0-3.5%. Cost comes from swap and slippage fees. Rewards are distributed as MESH.