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StarSeeds DAOStarSeeds DAOby0xF60De76791c2F09995df52Aa1c6e2E7DcF1E75d7starseeds-protocol.eth

Add Strategy Adaptation to the StarSeeds Portfolio - Use Midas to Leverage Beefy Convex USDR-am3CRV

Voting ended over 2 years agoSucceeded

This strategy is a return increasing adaptation to the strategy listed here https://snapshot.org/#/starseeds-dao.eth/proposal/0xba6f8778229a18de6e875a2929f3a559447dab010bab46bd77d40480a075cf85

Rather then staking USDR-am3CRV Curve LP into harvest finance, LP is placed into the Tangible Store Midas Vault https://app.midascapital.xyz/137/pool/14. After which either USDC/USDT is obtained as loan at a rate of 72% LTV. Loaned tokens are then placed back into the initial Curve LP. Then another USDC/USDT loan is taken out. This process is then repeated 6 times.

Finally, a USDC/USDT loan is taken out a 7th time and the total is traded to DAI and deposited in the same vault.

This strategy increases yield by over 200% compared to the older adaptation.

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Timeline

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