Compound Foundation proposes to allocate $12 million USDC to an unmanaged Ethereum wallet
2026-08-22 00:09:50
According to CoinMeta, Wu said that the Financial Management Committee proposed to allocate up to $12 million from the treasury of DAO to an unmanaged Ethereum wallet, to be managed by Steakhouse Financial. The plan aims to increase treasury earnings through repo, duration-based assets, and leverage income strategies, with a target gross return of SOFR plus 200 basis points, while still retaining control over the funds by DAO. Steakhouse stated that DAO can withdraw approximately 35% of the funds within a day and about 80% within a week.
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