Idea: Diversify the DAO Treasury with RAI

Author: Stefan Ionescu

Summary

Swap some of Universe’s treasury into the RAI stablecoin and use it to harvest rewards offered by Aave and BarnBridge.

Background

RAI is a non-pegged stablecoin built by Reflexer. It’s currently integrated in Universe’s sister project, BarnBridge, as well as in Aave v2. It also got adopted by DAOs and other DeFi protocols who want decentralized stable assets that also have the benefit of not being directly tied to fiat. At the moment of writing, there’s more than $15M worth of RAI that was market bought by different participants who want to hold it for the long run.

This proposal puts forward the idea of Universe diversifying its treasury with RAI and lending it on Aave and BarnBridge. This would allow Universe to access a new income stream for the DAO as well as keep decentralized assets in the treasury.

2 Likes

I say… Just do it… I wanna put our funds to work and support BB TVL!

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Good idea to put some of the treasury to work!

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Wanted to mention there’s now more than $23M worth of RAI in DAOs and backing other protocols and we have more requests from other projects who want to hold RAI for the long term.

Would love to continue the discussion and see how Universe can join the RAI fam :grin:

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