0x073f0dc5…2e63sent to0x8d59e106…2902·#24,303,311·view on Etherscan
I agree and I said this in Lils Discord when the conversation was raised before the proposal was executed.... my suggestion was to cancel the prop and re-propose, since that wasn't done we should only swap for enough to cover the proposal vs losing upside in ETH & yield for no reason
+1
> I’m against it for a couple of reasons.
>
> First, there are already multiple ways to do this fully onchain without dragging in middlemen.
>
> Second, the moment ETH hits the token contract, the bot auto-converts it to USDT. Turning ~10 stETH (which is literally paying us yield) into USDT at current market prices doesn’t strike me as a particularly wise move. Feels like volunteering to give up yield for the comfort of a stablecoin and a shrug.