Aavegotchi · closed proposal

Deposit 3,000,000 GHST from the Treasury into Aave

0xF815…0B92·ended 4y ago

Voters

1,249

GHST voted

16.00M

≈$706.3K

Token price

$0.04

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Yes. Deposit 3M GHST into Aave. 12.85M (80.4%)

Deposit a different amount. 2.76M (17.2%)

No. Keep GHST in the Treasury. 387.18K (2.4%)

16.00M GHST · ≈$706.3K · 1249 votersblock 24598801

🐳 Whale votes

0 votes > 5% VP

No whale votes on this proposal.

Full proposal

Original markdown · Aavegotchi

Author: Dr Wagmi#6629 GotchiID: 16635 Vote duration: 8 days Discourse Thread: https://dao.aavegotchi.com/t/deposit-3-000-000-ghst-from-the-dao-treasury-into-aave/3007

Alongside the DAO Treasury Taask Force, I propose that we immediately take advantage of the Aave GHST listing by depositing ~80% of our DAO Treasury GHST (3,000,000 GHST) into Aave as collateral to earn passive yield. The current utilisation rate is at 45% with a deposit APR ~2.5%. Given the significant yield and quickly growing utility of the GHST token, we anticipate ongoing borrowing demand, and, thus, yield for GHST deposi…

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