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# System prepended metadata

title: 'MIP92c5-SP1: Vault Setting Amendment Subproposal'
tags: [Summaries]

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tags: Summaries
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# MIP92c5-SP1: Vault Setting Amendment Subproposal

This is a summary of the contents of this subproposal and its impact, from GovAlpha's perspective:

- This is a valid subproposal to select investment strategies for USDC in the Yearn Vault associated with [MIP92](https://mips.makerdao.com/mips/details/MIP92). 
- This subproposal recommends three strategies, each with a deposit limit of 1M USDC. In total, 3M USDC will be used by the three strategies.
- The three strategies are:
    - Supply USDC to [AAVE](https://aave.com/) to earn interest.
    - Obtain GUNIV3USDC-DAI LP tokens using USDC and the USDC PSM. Deposit this LP token into [Arrakis Finance](https://beta.arrakis.finance/vaults) vaults (note that these are under beta testing), which autocompounds a Uniswap v3 DAI-USDC position. Finally, use the DAI-USDC LP tokens as collateral to open a MakerDAO Vault. 
    - Supply and borrow USDC on Compound Finance simultaneously to earn COMP.
    - All strategies take earned tokens and sell them for more USDC, which is deposited back into the strategy. Flashmints are also used by the second and third strategy to boost yield.
- This proposal has been assigned `High-Impact` based on the methodology listed [here](https://manual.makerdao.com/governance/off-chain/impact-estimations).

***Disclaimer: These summaries are intended to be a guide and not a source of truth. You remain responsible for any actions you take on the grounds of this information. Please note the date when the summary was last updated to judge accuracy.***

*Updated 2023-02-01*