[PROPOSAL] Approve use of treasury as POL in Saber stablecoin LP #59
Description
With a substantial amount of funds in the treasury the DAO contributor team thinks that these funds are best used productively in Saber liquidity pools, and specifically stablecoin liquidity pools.
Not only are we able to get yield for the DAO, we are also able to market-make and stimulate new stablecoin pool listings.
The Proposal
Give the active DAO contributor team authority to use the treasury in the Saber Stablecoin liquidity pools, as the team sees fit.
Project Description
The active DAO contributor team will:
Use the treasury actively in the Saber stablecoin liquidity pools
Yield generated will go to the DAO treasury
Expectations/Impact
Increase income to the treasury through yield from POL,
Stimulate (market make) new stablecoin pools by providing the initial liquidity.
Give confidence to more liquidity providers to participate in these pools, ie. increase in protocol TVL and increase fee generation (revenue)