Lend DAO Treasury Assets to a Basket of Defi Farms

Summary Currently the DAO Treasury is growing through the 2% tax on all transfers, 10% LP unstaking fee, and the 20% rewards fee. However, the community is seeking alternative strategies to continue growing the DAO treasury and yield for LP stakers.

Abstract The DAO Treasury currently holds ~$300K:

• YZY 74%
• ETH 18%
• UNI LP (YZY/ETH) 8%

Specification

• Convert a portion of ETH holdings into USDC
• Deposit USDC in the Harvest USDC vault earning 62% APY
• Use 50% of rewards to market buy YZY and redistribute to LP stakers
• Convert the remaining 50% of rewards into AAVE (1/2), SNX (1/4), SUSHI (1/4) and deposit to the DAO Treasury

Conclusion Utilizing a portion of the DAO Treasury funds for farming will allow value to accrue passively without the need for sustained volume. If passed, br41n5urf3r will code this strategy or a dev bounty will be posted.

DAO Treasury funds will always be fully controlled by LP stakers.

Apes. Together. Strong.