Investment cycle 2

For our second investment cycle, we have come up with the options below to choose from. As everyone is aware of, exciting things are happening on Fantom with the recent launch of Solidly and Byte Masons. We want to take advantage of them without delaying the start of the investment cycle so for this period one of the options will be to delay a portion of the investment for no more than seven days to take advantage of 0xDAO v2 which should be an option for us to employ very soon.

We will be voting to pick two of the options as a 50/50 split in each choice. The voting period will be 24 hours.

1. IB - FTM on Solidly. This is currently generating approximately a 16% weekly yield but is rapidly changing. The main benefit of this strategy is that both the underlying assets are trusted currencies.

2. When Two Became One (Hundred) BeethovenX pool. This pool is 20% FTM 20% USDC and 60% HND. The assets are somewhat safe and it has a 250% APR currently. The proceeds would be compounded into the fBEETS farm which currently has a 114% APR and requires 20% of the proceeds in BEETS to be converted to FTM.

3. 0xDAO-USDC/TBD This strategy would allocate 50% of the funds to the current OXD/USDC pool on Solidly and all proceeds as well as the underlying assets would be converted to another pool decided by Stonkers in no less than 7 days from now. Currently the OXD/USDC pool on Solidly has one of the best yields, slightly higher than the IB-FTM pool mentioned above, but where we allocate these funds after the first seven days could be anywhere. We want to keep the option open to invest in pools incentivized by 0xDAO v2 which is a more than formidable alternative to Solidex.

4. FTM-BOO on Spookyswap This strategy would allocate 50% percent to the FTM-BOO farm on Spookyswap. Currently at 89% APR, half the BOO earned would be staked for xBOO and the other half would be left as-is and staked on Solidex where the current yield is 605% APR. The SEX and SOLID rewards would be converted to FTM or another mix of assets decided by Stonkers in future votes.

To note:

A) Each option would allocate only the 50% of the treasury that is eligible on the strategy. So while we would be voting on two investment strategies, there will be other investments made. We have committed to a 10% investment in SPIRIT-based strategies through a partnership with them, and we also allocate some of the treasury towards a rainy day fund. Each strategy does not decide on the investment of a full 50% of the treasury.

B) The option to invest in 0xDAO V1 and then reinvest in a pool in a week or less is so that we can take advantage of the 0xDAO V2 launch but it is not tied to that. If the community speaks up about another great opportunity that we could invest in then we can certainly choose to pick that strategy.

C) All of these investments have an endpoint to the compounding. Currently we are operating under the rule that proceeds will be held in Fantom or the native asset of the rewards, but an upcoming vote should decide what the funds we hold from rewards should be converted to, where they should be allocated to generate a safe yield, or if they should be converted at all.