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TL;DR
This proposal deploys a portion of the DAO’s idle USDC into productive staking while maintaining meaningful liquidity for future proposals. Specifically, the DAO currently holds 484,743 USDC in its treasury. Under this proposal, 300,000 USDC will be staked via Origin Protocol’s Origin Dollar (OUSD) for yield generation.
After receiving OUSD, the position will be wrapped into wOUSD, a non rebasing version of OUSD that eliminates unnecessary taxable events triggered by daily yield distributions. Following this transaction, the DAO will retain approximately 184,743 in native USDC form to preserve flexibility for future proposals.
Passing of this proposal will generate approximate
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ID: proposal:nouns:989
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