This is concerning. Really.
To sum up:
You want to bet with Hive's money.
Don't take it personally, but even though economics is reasonable, you can still say bye bye with all the money. Or use them differently. It already happened here before and the community was powerless.
The idea is much better than funding a customer support remuneration xD
The ERC20 stable coins are staked on ethereum defi platforms (e.g. Curve, Swerve, or similar) in order to obtain a yield.
Which exactly? you able to determine which pools/farm options are you going to use? I guess it's important because the possible yeald differs from platform to platform.
I voted ✅ for the proposal because I think we need to bring some of the @leofinance attitude towards hive general ecosystem.
P. S. Do you have @khaleelkazi support for it? It would be beneficial
I'd call it investing to obtain a yield instead of betting, personally.
And yes, I could run off with the money. So could the witnesses who will have the same keys.
More generally, any approved DHF proposal is HBD out the door. There are no controls whatsoever. I see people complaining constantly about some of the approved proposals not returning much in the way of value to Hive. That's how the system is built though.
In all likelihood, it'll be the USDN pool on Curve. That has the highest yield for stable coins that I'm aware of currently.
And yes, khal is onboard. @steem.leo has already voted for the proposal.
That's all I need to know