Deposit YFI in the Governance vault in Maker and juice the returns

Summary:

Now that YFI can be used to borrow DAI under Maker - the YFI in governance can be used to do that to juice up the yield for people staking ( whenever limit for YFi is increased - which i think will) apart from cashflow from Yearn network itself.

Abstract:

Mint DAI within limits in maker for the YFI in the staking vault

Motivation:

Extra return

Specification:

Use the YFI in the governance vault to get Dai under Maker - put it in the Dai strategy - Profit

For: Just Do it

Against: Stay Poor

Poll:

3 Likes

Love the for and against. I vote for!

I’ve made a MakerDAO proposal to have an oracle bypass so we can explore this further.

3 Likes

@dudesahn is working on a proposal that involves Maker vaults and yearn governance as well.