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mike rainbow (rainbow mike) ↑
@mikedemarais.eth
the "india covid relief fund" is the 5th largest onchain treasury in crypto with $212.62m of stables/ETH/BTC according to @defillama watdahek? why are they sitting on so much money still? isnt covid over? https://defillama.com/protocol/india-covid-relief-fund?treasury=true#treasury
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keccers
@keccers.eth
Probably better to be sat on than spent unwisely Still Watdahek
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mike rainbow (rainbow mike) ↑
@mikedemarais.eth
they should at least park it in DAI and earn 10%+ of yield on it instead of hodling $200m of vanilla USDC they are missing out on $20m a year
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keccers
@keccers.eth
If this was in the real world there would be a way for you to sell your services to actively manage this treasury, do exactly what you outlined on their behalf, and get a nice fee for it too. Like I want that for you lol
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