PAC DAO Stakes Treasury Into Curve $CVXETH Pool
The 2022 election season is likely to be incredibly hostile towards cryptocurrency, and PAC DAO is preparing to fight and win.
Through our initial NFT sales we’ve amassed double digit ETH, enough to where we can earn meaningful yields to fund future operations. Based on unanimous vote of the DAO, we are staking the majority of these funds in the Curve CVXETH pool, restaked into Convex for boosted yield. While we can’t compete to be a major player in the Curve Wars, we can benefit from the fallout. The activity can be viewed on our Gnosis Safe page.
Entering the CVXETH pool gives our treasury the following:
Hedged exposure to Convex ($CVX)
Rewards paid in both $CRV and $CVX
Capability of restaking this $CRV and $CVX
This gives our treasury access to all the most powerful assets in DeFi: $ETH, $CVX, and $CRV. Two things scare politicians — large numbers of people, and large amounts of money. In 2022, PAC DAO will have both.
The funds help all of our activities throughout the cycle, including:
Funding to support pro-cryptocurrency candidates, as determined by community vote at https://pac.xyz/
Launch of our forthcoming Member of Congress NFT
Partnerships with organizations advocating for cryptocurrency.
Community initiatives as suggested in our Discord.
Community initiatives represents the best way you can get involved and expand the value we create at PAC DAO. Stop by and tell us your ideas!