Supply ~3.5M Treasury DAI to Aave
AI summary
This proposal suggests that the Aavegotchi DAO deposit approximately 3.5 million DAI, a stablecoin, from its treasury into Aave V3, a decentralized lending platform. This move aims to earn an estimated $154,061 in annual interest, leveraging Aave's 4.34% average supply APR. The proposal ensures that over 500,000 DAI remains in the DAO's Polygon wallet for immediate operational needs, with the rest strategically invested to generate passive income.
If passed, the Aavegotchi DAO will generate additional revenue from its existing DAI holdings, increasing its financial stability. This benefits the DAO by diversifying its income streams and potentially strengthening its treasury, without directly impacting individual users or token holders in the short term.
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…