TCD #71: Borrowing From Compound
tldr:
Fund the Association Q4 budget of $798,438 and the Treasury stable runway by using Treasury sDAI, agUSD and USDT and borrowing the remainder from Compound using wBTC as collateral at 200% of the liquidation collateral threshold
Details:
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TCD 68 approved the Association Q4 funding of $798,438
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TCD 69 approved using sDAI, agUSD, USDT and USDC in the Treasury wallet to fund the Association Q4 budget
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TCD 70 approved borrowing USDT from Compound using Treasury wBTC as collateral to acquire the stable required to fund the Association and maintain the Badger stable runway
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This TCD consolidates those actions into one directive:
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Convert sDAI, agUSD and USDT into USDC
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Deposit 17.2 wBTC into Compound (200% of the liquidation collateral at BTC price of $64k)
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Borrow 467,837 USDT from Compound
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Swap the USDT into USDC
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Transfer $798,438 USDC to the Association
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Oct and Nov month-end, fund the stable runway by borrowing $353,700 while maintaining the 200% liquidation collateral ratio using Compound unless another protocol is selected via a TCD
