Broaden the choice of single-side USDs protocol yield strategies by whitelisting the Compound USDC supply strategy.
USDC is the most significant collateral in the USDs collateral basket. The only whitelisted single-sided strategy is Stargate-LP USDC: USDC from vault-core is deposited into the Stargate USDC pool and the LP tokens are staked in the Stargate farm. Revenue generated from the strategy is in the form of fees (in USDC) and farm rewards (in STG)
To broaden the single-sided strategy choice, the team offers to use one more strategy at Compound Finance where USDC supply currently generates ~7% in rewards (COMP) and ~0.6% in fees (USDC).
- Whitelist Compound USDC supply strategy
- Deploy a portion of USDC collateral for Compound strategy
Whitelist Compound USDC supply strategy and deploy a part of deploy USDC into it.
Don’t whitelist the Compound USDC strategy.