Snapshot.eth(@SnapshotLabs):@aavegotchi is voting to put its idle treasury to work earning yield. The DAO holds ~345k $DAI alongside other stablecoins and $ETH, a portion of it sitting idle and earning nothing. The plan converts that $DAI to $USDC and whitelists two lending markets, @aave and @Morpho, where deposited funds earn interest. Directors could then deposit, withdraw, and reallocate between the two without a fresh vote each time, on the logic that "requiring governance for every deposit or withdrawal creates unnecessary friction." Borrowing, leverage, and looping stay banned outright. This builds on two 2024 votes that converted the treasury's $DAI to $USDC and a 2022 vote to deposit 3M $GHST into Aave, so lending out idle funds is well-trodden ground here. 64 votes have cast 1.53M $GHST so far, 93.7% in favor, with quorum not yet met. Voting closes June 20th at 6:16pm UTC. Proposal:

6hours ago

@aavegotchi is voting to put its idle treasury to work earning yield. The DAO holds ~345k $DAI alongside other stablecoins and $ETH, a portion of it sitting idle and earning nothing. The plan converts that $DAI to $USDC and whitelists two lending markets, @aave and @Morpho, where deposited funds earn interest. Directors could then deposit, withdraw, and reallocate between the two without a fresh vote each time, on the logic that "requiring governance for every deposit or withdrawal creates unnecessary friction." Borrowing, leverage, and looping stay banned outright. This builds on two 2024 votes that converted the treasury's $DAI to $USDC and a 2022 vote to deposit 3M $GHST into Aave, so lending out idle funds is well-trodden ground here. 64 votes have cast 1.53M $GHST so far, 93.7% in favor, with quorum not yet met. Voting closes June 20th at 6:16pm UTC. Proposal: