[AGIP 105] Supply ~3.5M Treasury DAI to Aave
AI summary
This proposal suggests that the Aavegotchi DAO move approximately 3.5 million DAI, a stablecoin, from its treasury to Aave V3, a decentralized lending platform. This move is expected to generate about $154,061 in annual passive income through a 4.34% interest rate. The DAO will keep over 500,000 DAI in its Polygon wallet for immediate needs, ensuring operational flexibility.
If passed, the Aavegotchi DAO's treasury will earn passive income, increasing its overall revenue and diversifying its holdings. This benefits the DAO by strengthening its financial position, but introduces reliance on the Aave platform and its smart contracts.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author: Dr. Wagmi (16635) Quorum Requirement: 20% (9M) Vote Duration: 14 Days Reference Material: Aavegotchi DAO Treasury Report: https://docs.google.com/document/d/1u-hODswpYcLSJhCh4y6SNoR-17rClwenenmU71Ag9Og/edit#heading=h.2gazcsgmxkub
Aave Ethereum V3 DAI Market (https://app.aave.com/reserve-overview/?underlyingAsset=0x6b175474e89094c44da98b954eedeac495271d0f&marketName=proto_mainnet_v3)
Proposal Summary: This proposal suggests allocating 3,549,809 DAI from the Aavegotchi DAO Treasury to the Aave V3 Ethereum Market. With an average supply APR of 4.34%, this move aims to generate an annual…