0x393bc37e…18cfsent to0x9d4c6356…1639·#22,574,678·view on Etherscan
# REPOST [SGTM 004]: Generating Yield on DAO Treasury Assets to Support Runway
This is an onchain follow-up vote to the same proposal that passed on Snapshot on April 15th. The passing of this proposal will move the funds detailed below to the [Avatar safe](https://app.safe.global/home?safe=eth:0xBe66C0391453F4b5C5eFd47DdcCB2f6bA6aA513F) managed by Avantgarde, MYSO, SEEDGov, Tané and PGov ([the Manager safe](https://app.safe.global/home?safe=eth:0x5619aA86336E8985eEE45998c0EdD998B63093cb)). *Please note that after convos with the Foundation, ownership of the avatar safe will instead be set to* [*this Foundation-controlled wallet*](https://etherscan.io/address/0x50ccf30828DdDA5aDFd25A3CEc24b83F13496774) *rather than the Timelock contract, citing security reasons.*
## TL;DR
Avantgarde Finance proposes to further support the ongoing efforts to [<u>get Gitcoin profitable</u>](https://gov.gitcoin.co/t/its-time-for-gitcoin-to-get-profitable/19922) by activating idle assets in the [<u>Gitcoin DAO treasury</u>](https://etherscan.io/address/0x57a8865cfb1ecef7253c27da6b4bc3daee5be518#multichain-portfolio) to earn yield, grow the reserves, and improve overall financial sustainability.
**As part of this proposal, Avantgarde in collaboration with MYSO will run two different strategies on behalf of the Gitcoin DAO:**
* **USDC Strategy:** Deploying $5m USDC to Avantgarde’s DeFi Yield Vault to earn yield.
* **GTC Strategy:** Run an on-chain covered call strategy on GTC to earn yield without selling at depressed market prices, starting with two smaller $250k tranches.
Full details in the proposal [thread](https://gov.gitcoin.co/t/sgtm-004-generating-yield-on-dao-treasury-assets-to-support-runway/20217/1) on the forum.