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StarSeeds DAOStarSeeds DAOby0xF60De76791c2F09995df52Aa1c6e2E7DcF1E75d7starseeds-protocol.eth

Add Strategy to the StarSeeds Portfolio - DAI/oDAI Farm with 6X leverage on Meshswap

Voting ended over 2 years agoSucceeded

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.

Off-Chain Vote

Yes
11.69K STARGOV100%
No
0 STARGOV0%
Further Discussion Required
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Timeline

Jun 09, 2023Proposal created
Jun 09, 2023Proposal vote started
Jun 16, 2023Proposal vote ended
Dec 22, 2025Proposal updated