Full deployment: 50/50 on Aave & Steakhouse passed, +6.8% over Do Nothing and past the +2% it needed. A market settles on each outcome's time-weighted average price over the whole trading window, not on its price right now. Averages quoted for the rest of the window assume Do Nothing stays where it is.
Price chart using spot percent change vs Do Nothing. Settlement requires Pass +2%.
Final margin over Do Nothing
Settlement uses each outcome's average price over the whole window, not its price right now.
Deploy 94% of the treasury now, split evenly between Aave and Steakhouse. The most yield of the three proposals (about $14.7K a month) with the simplest book. $300K stays idle.
Deploy 94% of the treasury capital and keep $300K USDC idle (same as the 50/50 option), but the main Morpho leg goes to Gauntlet, and Steakhouse gets a $500K remainder. Three venues instead of two, and similar income as the 50/50 option above, so the choice is which curators hold the money.
Deploy only half the treasury capital into the same two venues as the 50/50 proposal. Half the exposure and half the income (about $7.8K a month).
Leave the $4.77M USDC in the treasury. No yield, no venue or curator exposure.
Base