The following reflects the views of L2BEAT’s governance team, composed of @krst, @Sinkas, and @Manugotsuka, and it’s based on their combined research, fact-checking, and ideation.
We are voting FOR the proposal.
This is a sensible and logical proposal. Initially, these funds were allocated to STEP and deployed to earn a yield. They were only redeemed and converted to USDC because of Mountain Protocol winding down, not because of any internal decision to do so. Therefore, it makes sense to keep these funds allocated to STEP and redeploy them alongside the funds from STEP 2 to continue earning yield for the DAO.