The goal of the current Sponsoring program is to earn income to subvention the fees for the jFIAT on/off ramp by depositing stablecoin on AAVE-v1.
This rent currently generates low income (less than 3% APR).
In the interest of the project, I propose to replace the current sponsoring program by a more lucrative one (at least 10% APR)
- First vote is YES or NO
- Second vote is for the strategy
For point 2, below some propositions of strategy :
Send stablecoin to a wallet of the team (of a smart contract but need to develop it) then farm on any safe strategy with high yield (10-20%) : Curve.polygon or Curve.polygon.StakeDao (or other similar risky strategy in term of logic/responsibility). JRT rewards distributed propotionaly to the senders.
Send jFiat to a wallet of the team (of a smart contract but need to develop it) then sell the UMA generated by these jFiat.
Take the subvention from the jFIAT farming program (take a part of the rest of the AUR token at the end of the program AND/OR sell a part of the UMA received by the DAO AND/OR take a part of the USD fees generated by the swap)