BDI Rebalance #1 Results
Improved blue-chip exposure to DeFi, with more yield!
The community came out in force and all 3 proposals have passed. This means that the following changes will take place:
- LINK will be added in the form of the crvLINK farm on YEARN at 9.17% yield.
- CRV will be added in the form of the yveCRV* farm on YEARN at 17.68% yield. After much discussion, the team choose yveCRV here over yvBOOST due to the additional $PICKLE protocol risk in yvBOOST. The yield will still be compounded by BasketDAO.
- aKNC, aREN and aMKR will be unwrapped back to KNC, REN and MKR
We were glad to see the wide turnout, with 460 addresses voting across 3 proposals.
The new BDI
If the rebalance were to occur today, this is what the new BDI would look like, earning 3% yield on a basket of bluechip DeFi tokens.
So what happens now?
[May 15th, UTC+2] BDI rebalancing begins. BasketDAO will implement the changes voted in by the community over the course of 7 days.