I propose that SoftDAO considers diversifying the treasury by allocating it as follows:
33.3% in USDT
33.3% in LUSD
33.3% in USDC (if the problem with depeg is solved).
I also suggest that we track the slippage during calculations to swap.
WHY:
This proposal serves a greater purpose by diversifying the treasury to maximize returns while minimizing risks. It is a unique proposal that suggests allocating the treasury in a diversified way that reduces the risk associated with holding a single asset. This proposal is necessary because it helps SoftDAO achieve its mission of maximizing returns while minimizing risks.
HOW:
If SoftDAO decides to accept this proposal, I suggest that to allocate $SOFT from the treasury to cover the expenses associated with implementing this diversification strategy.
STEPS:
Identify a reputable and secure decentralized exchange platform that supports the trading pairs for USDT, LUSD, and USDC.
Allocate the necessary funds to each of the three assets according to the proposed allocation (33.3% in USDT, 33.3% in LUSD, and 33.3% in USDC).
Use the selected decentralized exchange platform to trade a portion of the treasury in USDC for USDT and LUSD to meet the proposed allocation.
Monitor the slippage during the trades and adjust the trading strategy as needed to minimize the impact of slippage, using an aggregator like 1Inch that can route trades across multiple decentralized exchanges to minimize slippage.
SERVICES:
For Step 1 and 4, I highly recommend using an aggregator like 1Inch, which can route trades across multiple decentralized exchanges (such as Uniswap or SushiSwap) to minimize slippage and ensure the best possible trading prices.
Is this proposal necessary or a “nice to have”?
This proposal is necessary to achieve SoftDAO’s mission of maximizing returns while minimizing risks.
Love this idea - and especially important given recent events this weekend. But even apart from this weekend, we’ve seen several prominent stablecoins crash to zero over the past couple years. I support this proposal as it provides the DAO a safeguard against contagion-level events that seem to be inevitable.
Yes, I think it’s a great idea. It is common for a company’s funds to be held in several banks. To have more confidence during crises like those happening now, we should do the same.
Thats a wonderfull idea, diversification is a key parameter for all investments. The only think i will ask is why dont we think to buy some DAI. My suggestion is %25 for 4 stables, USDT, LUSD, USDC, DAI
DAI, uses USDC as its main source of liquidity. As USDC fell below $1, DAI also traded below its level. As a result it leads to a higher risk to have it in the portfolio together with USDC.
I appreciate the effort you will put into investigating the feasibility of the allocation and tracking slippage during trades. This will ensure that the proposal is implemented in the most effective and efficient way possible.
As recent events have shown, now the question really arose: where is stability after all? In stablecoins or digital gold - BTC. There are risks here and there. Bitcoin is too volatile, and if its price falls, the project team will suffer serious losses. Therefore, it is the right decision to be in stablecoins, to use the product of diversification that the market offers. But it may make sense to set a goal to shift part of the treasury (10-15 percent) into BTC, if price falls below 20-15K.
A good idea because it reduces the risks associated with fluctuations in the exchange rate of one particular currency. Using multiple stablecoins helps keep the portfolio stable and secure investments.
