Fei Money

Summary: More than 60% of the PCV ETH is allocated to liquid and low yield protocols, including 15k in TimeLock that doesn’t earn anything. Assuming the Tribe DAO wants to retain an overweight allocation to ETH, one quick strategy change could be to allocate a higher percentage of those assets to more illiquid protocols.

In the future, the Tribe DAO should evaluate staked ETH positions across the various options to optimize yield generation, security, liquidity and partnership potential. After these initial deployments in RocketPool and StakeWise, if all goes well and outside liquidity grows, moving some of the 49k stETH with Lido to higher yields and partnership opportunities should be considered.

Specification:

1. Move 5000 ETH from Timelock into Rocket Pool, earning 4.3% yield
2. Move 7500 ETH from TimeLock into StakeWise, earning 4.6% yield [StakeWise is offering additional incentives to the Tribe DAO]
3. Move 5000 stETH into the wstETH/rETH (RocketPool) Curve Pool, which would earn around 7-10% APR including CRV and CVX incentives. stETH yield accumulates within the wstETH token. This would conserve ETH position, provide better liquidity than Lido protocol, while earning a higher return.
4. Move 2500 stETH from step 2 and 2500 ETH from timelock into the wstETH/sETH2 (StakeWise) Curve Pool, which would earn around 7-10% APR, including CRV and CVX incentives. The pool is not yet opened, but it will offer high incentives and the same risks as RocketPool Curve pool