Earlier this year the Community expressed its desires in terms of asset allocation of the recent treasury diversification. As we embark on pushing through with these purchases it is worth thinking what will we do with all the DAI and ETH assets in the treasury.
It is proposed to deposit $100k worth of DAI and $100k worth of ETH from the treasury into the Rari Fuse pool 90 - Float Protocol Pool to bootstrap liquidity for lending.
This will enable $BANKsters and $FLOATers to borrow against their holdings without losing out on their beloved tokens, and further support Float Protocol by using its pool on Rari Fuse.
Float Protocol is then able to accrue yield on treasury assets by supporting the community and reduce the need to sell more BANK in the future in the name of treasury diversification.