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Shutter · closed proposal

"Temp Check" Treasury Management Temporary Solution: Deposit 3M DAI in the DSR Contract

0xe52C…d726·ended 2y ago
Voters
25
SHU voted
46.51M
Token price
—

AI summary

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Voting results

Quorum
46.51M / 30.00M SHU(155%)
✓ Quorum met
Yes37.51M (80.7%)
No5.60M (12.0%)
Abstain3.40M (7.3%)
46.51M SHU · 25 votersblock 19842366

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Full proposal

Original markdown · Shutter

Title

TEMP CHECK: Treasury Management Temporary Solution: Deposit 3M DAI in the DSR Contract

Proposal

  • Convert 3M USDC to DAI
  • Deposit 3M DAI to in the Dai Savings Rate (DSR) Contract
  • Generate additional 120K DAI per annum (likely more temporarily) for Shutter DAO 0x36

Background / Motivation

A recent Shutter Forum post raised a discussion of treasury management, specifically regarding the opportunity to allocate part of Shutter DAO 0x36’s long term stablecoin assets to earn yield and generate additional resources / runway for the project.

See: https://shutter…

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