YIP-106: Invest Yam Treasury ETH into Yearn.Finance Curve stETH pool

YIP: Invest Yam Treasury ETH into Yearn.Finance Curve stETH pool

Basic Summary
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

0 voters

Adding some more information to this post.

Specification

The YAM treasury (Yam.Finance: Treasury | Address 0x97990b693835da58a281636296d2bf02787dea17 | Etherscan) currently holds ~277.5 WETH. The proposal is to deploy approx. half of it (139 WETH) to the stETH yearn vault (yearn: yCRV/stETH Vault | Address 0xdCD90C7f6324cfa40d7169ef80b12031770B4325 | Etherscan) in the next on-chain transaction.

This proposal will now move to a snapshot vote.