YIP: Invest Yam Treasury ETH into Yearn.Finance Curve stETH pool
We need to get our treasury earning some yield. Since it is primarily ETH, we can use Yearn.finance’s stETH vault to earn approx 4.8% APY (as of 3/22/22). I recommend putting 50% of Yam’s Treasury ETH into the pool.
Motivation - Why am I proposing it?
Yam’s treasury currently holds 277 ETH which is currently idle. Investing would give a small amount of yield until better yields or investments could be found.
Poll to Measure Sentiment
- Invest 50% of ETH into Yearn stETH Vault
- Do not invest