Idle Eth is ethgly
I would like to propose we put 20 ETH of our idle ETH into the Mushrooms vault.
https://mushrooms.finance/vaults
The protocol is currently displaying 27.9% Adjusted APR
It’s running a strategy where is uses the ETH to borrow USDP to farm yield on curve.
I have had many conversations with the devs of this protocol and can vouch for their intents and abilities.
we can also, if we want stake our vault share to farm Mushroom tokens 0.62% Total APR but i don’t think this is needed and would warrant the gas…
There is also the idea that we might need this ETH to LP in the near future.
I suspect the cost to enter and exit will be 0.02 x 2 = 0.04ETH
20 ETH x 0.25 = 5 5/ 365days = 0.0136
so therefore, it will take approximately 3-4 days to recoup the gas loss
NOTE! This proposal ends on Oct 26, 2021, if the APR changes drastically to the downside on this time. Then this proposal is invalidated!!
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xEfce...6ebeEb | 1 | Vault the ETH |
 0x72eA...F187aC | 1 | Hodl the ETH. no 🍄 |
 0x6AB8...768da8 | 1 | Vault and farm 🍄 |
 0x69C2...D240ae | 1 | Hodl the ETH. no 🍄 |
 0x4623...a15802 | 1 | Hodl the ETH. no 🍄 |
VOTE POWER
Proposal Status
- Sat October 23 2021, 07:30 amVoting Period Starts
- Tue October 26 2021, 04:00 amEnd Voting Period
Current Results
1-Hodl the ETH. no 🍄
4
2-Vault the ETH
2
3-Vault and farm 🍄
1