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