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

Result details
Final Votes

Quorum

7.5M of 2.64M

Majority support

Yes

For

7.5M

Against

0

Abstain

0

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.

Final Votes

Quorum

7.5M of 2.64M

Majority support

Yes

For

7.5M

Against

0

Abstain

0

Final Votes
Status

Fri Apr 26, 01:17 pm

Published onchain

Thu May 2, 03:37 pm

Voting period started

Sun May 5, 03:37 pm

Voting period ended

Sat May 18, 10:33 am

Proposal queued

Tue May 21, 11:04 am

Proposal executed