RFC Allocate Treasury Funds of the Balancer DAO to sGYD

General Chat
8

@FTL_Labs,

Following discussions with the Maxis and in response to @0xDanko’s comment, we are pleased to integrate sGYD into the karpatkey managed treasury.

We are happy to include it as part of our ever-growing array of strategies to achieve a sustainable, diversified, non-custodial treasury for the DAO.

Diversifying into sGYD through our infrastructure would require the DAO to take two specific steps:

  1. An equivalent amount of USDT transferred from the DAO Treasury to the karpatkey owned treasury.
  2. An approval of a payload containing the following whitelisted actions:
    a. Deposit & withdrawal into GYD / sGYD (using your smart contract infrastructure).
    b. Swap in / out of sGYD from / to whitelisted stablecoins.

These steps will enable us to fully integrate sGYD as an asset that is monitored and managed in line with our on-chain security standards, alerts, and best practices.

We’re glad to collaborate on the technical specifications and support you in executing this endeavor with the necessary payloads from our side.

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