Executed

Optimize USDC+ Yield via Basket Adjustment and Integration with Morpho Blue


ID 549167...9279

ID 549167...9279

Proposed on: Apr 26th, 2024

Proposed on: Apr 26th, 2024

Votes

Actions

Type

Address

Details

Custom

0xbCd2...f511

register(..)

Custom

Account

0xbCd2...f511

Method

register(..)

Custom

0x1625...9508

setPrimeBasket(..)

Custom

Account

0x1625...9508

Method

setPrimeBasket(..)

Custom

0x1625...9508

refreshBasket(..)

Custom

Account

0x1625...9508

Method

refreshBasket(..)

Proposal

https://forum.reserve.org/t/rfc-proposal-to-optimize-usdc-yield-via-basket-adjustment-and-integration-with-morpho-blue/683 Proposed Changes:

Remove fUSD from Flux Finance: Due to its lower yield performance, remove fUSD from the USDC+ basket. This action will help eliminate an underperforming asset, thereby reducing drag on the overall yield of USDC+.

Add USDC Morpho Blue Curated by Steakhouse: To replace fUSD, integrate USDC Morpho Blue into the basket. USDC Morpho Blue is a high-yield USDC variant managed by Steakhouse, which leverages Morpho Blue’s lending protocol to offer superior returns.

Votes
Status