gm (glaze morning)
Update on cbBTC strategy:
Will be proposing to kill the strategy today.
After a week, voters still can't claim - rewards round to zero. The 8 decimal precision + $100k BTC price just breaks the math.
But we still want BTC exposure for the DAO. Looking at alternatives that have 18 decimals:
-
@morpho cbBTC vault - yield-generating, 18 dec
- guantlet cbBTC - managed vault, 18 dec
- cbBTC-DONUT LP - earns fees + pairs with our token, 18 dec
These might be better than raw cbBTC since they generate yield instead of sitting idle. The DAO would be accumulating productive BTC rather than just holding it.
Any thoughts?