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Zunami ProtocolZunami Protocolby0xF9605D8c4c987d7Cb32D0d11FbCb8EeeB1B22D5dsterx.eth

[ZIP-004] - Add ETHx/ETH strategy to the ETH Omni pool.

Voting ended over 1 year agoSucceeded

[ZIP-004] - Add ETHx/ETH Strategy to the ETH Omni Pool

Summary: ETHx is a liquid staking token from the company Stader. A detailed analysis has been conducted by the Llama Risk team: https://www.llamarisk.com/research/collateral-risk-ethx https://www.llamarisk.com/research/collateral-risk-ethx-addendum1

Motivation: The ETHx/ETH pair currently offers one of the highest yields on Curve, with a 13% APY on Convex. Rebalancing funds from frxETH and stETH/ETH to ETHx/ETH can significantly increase the yield on zunETH collateral without increasing risk.

Action:

  • Add the ETHx/ETH strategy to the Zunami Protocol's ETH Omnipool strategies.
  • Rebalance all funds from the frxETH and stETH/ETH strategies to ETHx/ETH.

Off-Chain Vote

Yes
1.63M vlZUN100%
NO
0 vlZUN0%
Quorum:182%
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Discussion

Zunami Protocol[ZIP-004] - Add ETHx/ETH strategy to the ETH Omni pool.

Timeline

Jul 23, 2024Proposal created
Jul 23, 2024Proposal vote started
Jul 27, 2024Proposal vote ended
Feb 15, 2025Proposal updated