Using an Yelay Vault to grow Shutter DAO 0x36's Treasury
AI summary
This proposal suggests that Shutter DAO invest $2.3 million in USDC from its treasury into a DeFi Blue Chip Vault managed by Yelay. The vault aims to generate an annual return of 15% to 20% (approximately $345,000 to $460,000 USDC) by using various decentralized finance (DeFi) strategies like Morpho, Ethena, Gearbox, and Yearn. Yelay claims their vault offers higher yields, no management or entry/exit fees (only a 10% performance fee), and requires no active management from the DAO.
If passed, Shutter DAO's treasury could grow significantly by earning substantial yield on its USDC holdings, potentially adding hundreds of thousands of dollars annually. The DAO benefits from increased financial resources without needing to actively manage the investments, while Yelay benefits from the 10% performance fee on the generated yield.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary 📑
Invest $2.3M USDC from Shutter DAO’s treasury into Yelay’s DeFi Blue Chip Vault, optimized to deliver superior returns of 15% APY, equivalent to $345k USDC annually. Yelay’s vault leverages advanced auto-compounding, rebalancing across leading stable strategies like Morpho, Ethena, Gearbox, and Yearn, and operates without any fees—ensuring maximum yield retention and simplicity in management.
Key advantages over competitors: • Higher Projected Yields: Consistent double digit returns, currently between 15-20% • Reduced Fee Policy: No management, entry and exit fees the…