Unused Treasury ETH

General Chat Ideas
1

Cove currently holds a substantial amount of unused ETH in the community multisig (28 ETH). I want to submit a proposal that will make use of the ETH and put it in (2-3) yield vaults, until it is designated for something else.

The two vaults that have been suggested to me were the Symbiotic Ether Fi vault and a Mellow Finance vault. I am wondering if anyone has any other suggestions on where Cove could place the ETH to earn good yield while also remaining safe from a security standpoint. Also open to suggestions if you have better ideas than yield vaults for earning yield while also retaining a certain level of security.

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2

If we are meant to stay with the ETH, then yeah maybe one of the Vaults on Ether.Fi is a good idea. If we are in fact going for the Airdrop possibility and not the APY.

Depositing eETH into Mitosis on Linea/Scroll chain would expose us for potential 4 airdrops ( Etherfi points, EigenLayer points, Mitosis points and Linea Surge XP ) , while retaining somewhat the Ethereum token.

And if we look for something different bearing yield then Mozaic is relaunching their Theseus Vault soon with improved security and AI farming on GMX v2.1 Pools.

I can introduce you to the founder.

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