I think we should re-visit the USDaf proposal as it is probably the best use of the treasury in the short term with definite value.
I wish the treasury funds would have been deployed to Spot when this proposal was originally made. I made a comment about how beneficial it would have been. And Spot has almost doubled in price since that time. This has outperformed USDaf and kills two birds with one stone. I think the obvious choice is to stay ampl and support Spot for the forseeable future.
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I think now we need something concrete to move forward with so we can keep these assets from sitting idle. So I’ll propose the following:
- 250K USDC for Bill Broker deployment
The Kennel Club can perform single-sided deposit or a swap-and-deposit, depending on which is most efficient at time of execution.
- Deploy USDC for yield
Steakhouse USDC - 1.5M USDC
Gauntlet USDC Core - 500K USDC
At Ampli’s suggestion, the risk/return profile of the frontier vaults are probably not worthwhile. Given that APYs of the Prime and Steakhouse vaults have come down recently, some allocation to the Core vault could still a good idea. Steakhouse USDC has larger deposits than Gauntlet Prime, for similar returns.
Here are two snapshots:
Later, we can review Bill Broker activity and consider deploying more there and scale with the system. Of course, we can should still be agile to support ampUSD and Morpho if and when those become available.
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