[SIGPROP] Treasury Management Proposal : (Stablecoins + ETH | AAVE & MORPHO Whitelisting)
AI summary
This proposal suggests converting all of the Aavegotchi DAO's DAI holdings, currently 345,000 DAI, into USDC. It also proposes whitelisting Aave and Morpho, which are decentralized finance (DeFi) lending protocols, as approved platforms for the DAO to deposit its USDC and ETH to earn yield. Additionally, it grants the DAO's Directors the authority to manage these deposits and withdrawals without requiring a separate governance vote for each transaction, aiming to improve operational efficiency.
If this proposal passes, the DAO's treasury will standardize its stablecoin holdings to USDC, and a portion of its currently idle assets will begin generating passive income through DeFi lending. The Directors will gain more autonomy in managing treasury assets within the approved protocols, potentially leading to faster responses to market conditions. There are no clear losers, as the proposal aims to improve treasury efficiency and yield.
Voting results
🐳 Whale votes
4 votes > 5% VPFull proposal
Author: Maxicrouton (14873) Vote Duration: 1 month Quorum Requirement: 7.2M GHST
Summary
This proposal suggests converting the DAO’s current DAI holdings into USDC and whitelisting Aave and Morpho as approved protocols for deploying both stablecoins and ETH held in the treasury.
It also introduces operational flexibility, allowing Directors to manage deposits and withdrawals without requiring governance approval for each action.
Context
The DAO currently holds 345k DAI, alongside other stablecoins and ETH. A portion of these assets remains idle, generating no yield. Protocols s…