(p6-2) Treasury strategies for the month of June

Ave Senators!

With the demise of Iron Finance, we will have to redo the voting. While we will discuss the possibility of Emperor Mode on the Forum (delegating x% of the treasury to Jarvis) for quick investing, we need to decide the overall strategies for the treasury to follow.

Please consider that UMA/ETH pool APY significantly dropped since the last vote, and we now can mint jFiat with UMA, so we can participate in Jarvis Yield Farming without selling 100% UMA for USDC.

We also need to decide what to do with the farmed tokens ie 3CRV, EPS, Sushi, AUR, however, at this point, the amounts are too small to waste ETH on them at this point, we suggest waiting for another month at least.

As last time, the voting will go in 2 phases, this is the first one, in which we choose the top 4 strategies to go. The second phase will decide on the funds' allocation per strategy.

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Current strategies:

-St. 1: Alchemix (CRV+EPS) 46,411 DAI (-23,205 alUSDC loan) Action: Sell UMA for DAI, mint alUSD (50% of the deposit), use alUSD to buy CRV, stake CRV for 4 years.

-St. 2: Jarvis Yield Farming with Broker contract using USDC (34.09% in AUR) 18,499 USDC / 16,256 jCHF Action: Sell UMA for USDC and jFiat, participate in Jarvis Farming

-St. 3: Sushi UMA/ETH pool (7.99% in Sushi + trading fees) 539.5 UMA / 2.65 WETH Action: Sell 50% UMA for ETH supply liquidity on SushiSwap

Other proposals:

-St. 4: Jarvis Yield Farming with Bank contract using UMA (34.09% in AUR) Action: Mint jCHF with UMA token, sell the rest for USDC -> LP & Stake jCHF/USDC.

-St. 5: StakeDAO Passive EUR (35.24% in SDT) Action: sell UMA for eurs and seur, deposit on stakeDAO 'strategies', and redeposit on 'LP farming' to maximize returns.

-St. 6: Aave DAI, USDT, or USDC (2.5% - 3.32% and 1.01% - 3.75% in Aave) Action: sell UMA for one of the stabecoins and deposit on Aave. *Liquidity mining program will last till 15th of July

TREASURY:

Allocated funds: Sushiswap (UMA/ETH): 539.5 UMA / 2.65 WETH ($13,195.42) Jarvis Farm (jCHF/USDC): 18,499 USDC / 16,256 jCHF ($32,785) Alchemix: 46,411 DAI (-23,205 alUSDC loan) Curve: 6,582 CRV staked and locked for 4y ($14,743.68) Total in USD: $60,724.1

Unallocated funds + Claimed tokens (as of 11.06): UMA 4,902 ($59,682) Sushi: 103.166 ($941.42) Ellipsis (BSC): 290 EPS ($197.2) 3Crv: 175.26 CRV ($178.26) Jarvis: 0.15 AUR ($472.68) USDC left for treasury (minus farming rewards): 3,300.71 DAI (from alchemix): 1,100 Total in USD: 66,074.32