SAIP #52.1 - Abracadabra DAO treasury farming update
Tldr: The Abracadabra treasury holds ~$10M in stablecoins and plans to enhance financial stability and generate ~$2M+ annually through strategic allocations. Proposed changes include moving $4M from Stargate pools (8% yield) to the MIM-3Crv pool via StakeDAO and Convex (40% yield), maintaining $2M in the deUSD/MIM pool for Elixir liquidity, and keeping $1M in USDs as per SAIP #52. An additional $2M will remain unallocated for future opportunities, with reallocations managed dynamically by treasury signers and subject to DAO approval. While this strategy boosts revenue and MIM stability, it carries smart contract and market risks.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x111b...e72a69 | 3.078B | Yes, Approve SAIP #52.1 |
 0x350D...E3680B | 2.9B | Yes, Approve SAIP #52.1 |
 0x9365...4efE35 | 2.801B | Yes, Approve SAIP #52.1 |
 0x7172...984d3B | 31.551M | Yes, Approve SAIP #52.1 |
VOTE POWER
Proposal Status
- Tue December 03 2024, 03:00 pmVoting Period Starts
- Wed December 04 2024, 03:00 pmEnd Voting Period
Current Results
1-Yes, Approve SAIP #52.1
8.81B