Allocation of Gameplay Treasury DAI to Curve Yield Generation
Background:
Proposal for “Treasury distribution #QmYouTx” has passed. With this proposal it has been determined that 45% of the treasury will be allocated towards yield generation.
- 50% to the Uniswap ETH-DG pool
- 50% to farming with stable coins (strategy to be determent via Proposal Vote)
Point 1: regarding the Uniswap ETH-DG pool has been executed by the team Point 2: regarding stablecoin yield farming needs a proposal to determine where to place the capital
Proposal
Place the 50% of the capital (DAI Stablecoin) that has been allocated for yield generation into a Curve stable coin pool: https://www.curve.fi
Rationale
Depositing DAI on Curve is a relatively safe farming strategy and currently gives an APY of ~30% including CRV rewards. With choosing Curve we choose a defi product that avoids the risk of yield farming on a centralized exchange.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xEA5F...d6A360 | 7,225 | Yes |
 0x5E42...3866C2 | 3,789 | Yes |
 0x7146...f38ff9 | 3,695 | Yes |
 0xb3Ab...03B847 | 2,900 | Yes |
 0xa161...C06384 | 2,501 | Yes |
VOTE POWER
Proposal Status
- Wed February 17 2021, 12:00 pmVoting Period Starts
- Sun February 21 2021, 12:00 pmEnd Voting Period
Current Results
1-Yes
33,955.361