Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget | proposals.app

AlexLumley from alexlumley.eth

posted 11 months ago

1. Why I’m Voting FOR

Financial prudence with real numbers. Allowing ≈ $3.5 M to sit in idle USDC is effectively leaking more than $150 k per year in foregone yield. Moving the funds into the STEP 2 basket (WTGXX 30 % / USTBL 35 % / BENJI 35 %) plugs that hole and gets them earning again.
Risk-neutral redeployment. We already vetted this exact T-bill-backed mix when STEP 2 passed; shifting from “parking lot” USDC into those sleeves does not add fresh counter-party or duration risk.
Process integrity matters. Following the roadmap we collectively approved is healthier for governance than inventing ad-hoc fixes each time an RWA hiccup appears. It keeps expectations clear and prevents mission drift.
A useful learning moment. The USDM redemption showed how quickly counterparties can change course. Acting quickly here—and documenting that action—demonstrates operational maturity and builds confidence in our treasury playbooks.

Financial prudence with real numbers. Allowing ≈ $3.5 M to sit in idle USDC is effectively leaking more than $150 k per year in foregone yield. Moving the funds into the STEP 2 basket (WTGXX 30 % / USTBL 35 % / BENJI 35 %) plugs that hole and gets them earning again.
Risk-neutral redeployment. We already vetted this exact T-bill-backed mix when STEP 2 passed; shifting from “parking lot” USDC into those sleeves does not add fresh counter-party or duration risk.
Process integrity matters. Following the roadmap we collectively approved is healthier for governance than inventing ad-hoc fixes each time an RWA hiccup appears. It keeps expectations clear and prevents mission drift.
A useful learning moment. The USDM redemption showed how quickly counterparties can change course. Acting quickly here—and documenting that action—demonstrates operational maturity and builds confidence in our treasury playbooks.

2. Caveats I’ll Be Watching

Reg-watch: STEP assets live in the real world; unexpected regulatory shifts can still bite.
Reporting cadence: Yield sounds great on paper, but monthly NAV snapshots and quarterly narrative recaps will keep us honest about performance and fees.

3. 1 Consideration

How will the STEP Committee (a) track and surface legal / regulatory developments across all RWA sleeves, and (b) package quarterly performance reports so delegates can quickly see what’s working and what isn’t?

AlexLumley from alexlumley.eth

posted 11 months ago

1. Why I’m Voting FOR

Financial prudence with real numbers. Allowing ≈ $3.5 M to sit in idle USDC is effectively leaking more than $150 k per year in foregone yield. Moving the funds into the STEP 2 basket (WTGXX 30 % / USTBL 35 % / BENJI 35 %) plugs that hole and gets them earning again.
Risk-neutral redeployment. We already vetted this exact T-bill-backed mix when STEP 2 passed; shifting from “parking lot” USDC into those sleeves does not add fresh counter-party or duration risk.
Process integrity matters. Following the roadmap we collectively approved is healthier for governance than inventing ad-hoc fixes each time an RWA hiccup appears. It keeps expectations clear and prevents mission drift.
A useful learning moment. The USDM redemption showed how quickly counterparties can change course. Acting quickly here—and documenting that action—demonstrates operational maturity and builds confidence in our treasury playbooks.

Financial prudence with real numbers. Allowing ≈ $3.5 M to sit in idle USDC is effectively leaking more than $150 k per year in foregone yield. Moving the funds into the STEP 2 basket (WTGXX 30 % / USTBL 35 % / BENJI 35 %) plugs that hole and gets them earning again.
Risk-neutral redeployment. We already vetted this exact T-bill-backed mix when STEP 2 passed; shifting from “parking lot” USDC into those sleeves does not add fresh counter-party or duration risk.
Process integrity matters. Following the roadmap we collectively approved is healthier for governance than inventing ad-hoc fixes each time an RWA hiccup appears. It keeps expectations clear and prevents mission drift.
A useful learning moment. The USDM redemption showed how quickly counterparties can change course. Acting quickly here—and documenting that action—demonstrates operational maturity and builds confidence in our treasury playbooks.

2. Caveats I’ll Be Watching

Reg-watch: STEP assets live in the real world; unexpected regulatory shifts can still bite.
Reporting cadence: Yield sounds great on paper, but monthly NAV snapshots and quarterly narrative recaps will keep us honest about performance and fees.

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Non-Constitutional

Abstract

Motivation and Rationale:

Specifications

Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Non-Constitutional

Abstract

Motivation and Rationale:

Specifications

Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Non-Constitutional

Abstract

Motivation and Rationale:

Specifications

Budget

Reallocate Redeemed USDM Funds to STEP 2 Budget

Non-Constitutional

Abstract

Motivation and Rationale:

Specifications

Budget

1. Why I’m Voting FOR

1. Why I’m Voting FOR

2. Caveats I’ll Be Watching

3. 1 Consideration

Rationale

Rationale

1. Why I’m Voting FOR

1. Why I’m Voting FOR

2. Caveats I’ll Be Watching

3. 1 Consideration

Rationale

Rationale