1. Overview
This proposal seeks to onboard a new ark, Cap Protocol in the USDC DAO Managed fleet.
2. Motivation
The current USDC DAO Managed fleet seeks to out perform broader yields in DeFi, whilst also providing best in class risk management through the DAO managed vault risk framework. The proposed ark will help to keep the fleet at the top of the yield ranks.
3. Specification
| Asset | Vault Name | Contract Address | Target Protocol | Risk Category |
|---|---|---|---|---|
| USDC | Staked cUSD | 0x88887be419578051ff9f4eb6c858a951921d8888 |
Cap Protocol | B |
4. Risk Categorization
Based on a recent risk assesment, and following the attributes of the DAO managed risk framework, the staked cap USD is proposed as category B.
5. Voting
- Voting YES will whitelist the staked cUSD ark for the USDC dao managed vault
- Voting NO will maintain the current allocations and will not onboard the new yield strategies.