OIP-13: Deposit $1M of excess reserves into Aave
Summary: Deposit $1M of DAI into Aave, representing 11.489% (2√33 percent) of excess treasury reserves as of 6/30. Benefits include:
- Yield on excess stablecoin reserves
- Fostering strategic partnership with Aave
- Accumulate stkAAVE rewards
Additional context and discussion available on the the OIP-13 forum post: https://forum.olympusdao.finance/d/44-oip-13-what-of-excess-dai-should-olympus-deposit-into-aave/
Treasury contract to view excess reserves (line 11): https://etherscan.io/address/0x31f8cc382c9898b273eff4e0b7626a6987c846e8#readContract
For: Deposit $1M of excess reserves into Aave Against: Do not touch excess reserves
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1344...Aa65FA | 10,792 | For: Deposit $1M DAI into Aave |
 0x9B94...4BE3Be | 5,014 | For: Deposit $1M DAI into Aave |
 0xc525...72c43d | 3,484 | For: Deposit $1M DAI into Aave |
 0x9E0e...90141b | 2,551 | For: Deposit $1M DAI into Aave |
 0xefde...7b7b5e | 2,434 | For: Deposit $1M DAI into Aave |
VOTE POWER
Proposal Status
- Wed June 30 2021, 10:00 pmVoting Period Starts
- Sat July 03 2021, 10:00 pmEnd Voting Period
Current Results
1-For: Deposit $1M DAI into Aave
56,831.608
2-Against: Do not touch reserves
118.692