Snapshot: Reallocate Redeemed USDM to Step 2 Budget
We are voting for.
Reallocation meets the goals that were intended to: earn yield on DAO funds. “At an estimated 4.5% on $3.5M, the DAO is missing out on ~$13k per month while these funds sit in USDC” – it makes sense to reallocate to the approved managers (Spiko, WisdomTree, and Franklin Templeton). This is a straightforward approval with not much else to consider.