closedEnded 4 years ago · Snapshot (Offchain)
YIP-106: Deposit 50% of Treasury ETH in Yearn stETH vault
By 0x9098...0E9e78Continue Reading
Basic Summary
The DAO can use the Yearn.finance stETH vault to earn approx 4.8% APY (as of 3/22/22). This proposal will put 50% of Yam’s Treasury ETH into the pool.
Motivation - Why am I proposing it?
Yam’s treasury currently holds 277 ETH which is currently idle. Investing would give a small amount of yield until better yields or investments could be found.
Specification
The YAM treasury (Yam.Finance: Treasury | Address 0x97990b693835da58a281636296d2bf02787dea17 | Etherscan) currently holds ~277.5 WETH. The proposal is to deploy approx. half of it (139 WETH) to the stETH yearn vault (yearn: yCRV/stETH Vault | Address 0xdCD90C7f6324cfa40d7169ef80b12031770B4325 | Etherscan) in the next on-chain transaction.
Connect Wallet to Add Note
0Votes 66
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x653d...48aDa5 | 355,747 | YES |
 0xbdac...9672cc | 117,061 | YES |
 0x3Fdc...96C33C | 19,112 | YES |
 0xe4D2...3F6598 | 2,207 | YES |
 0x2067...429f48 | 1,229 | YES |
VOTE POWER
0
Connect Wallet
Proposal Status
- Tue March 29 2022, 08:18 pmVoting Period Starts
- Sat April 02 2022, 04:00 amEnd Voting Period
Current Results
1-YES
497,291.737