Temp Check: Octant v2 Pilot to Activate Treasury & Fund Shutter Ecosystem

Posting this temp check on behalf of the Octant Team.

Decision: Should ShutterDAO 0x36 run a pilot with Octant v2, depositing $1.5M USDC into an ERC-4626 vault and routing 100% of generated yield to DAO-approved ecosystem funding rounds?

Discussion here:
https://shutternetwork.discourse.group/t/octant-v2-pilot-to-optimize-treasury-strengthen-ecosystem/760

TL;DR

Deposit $1.5M USDC from treasury into an Octant ERC-4626 Vault that uses Morpho’s “Steakhouse” USDC strategy (Credora A+; APY variable).

Principal stays under DAO control; Octant fees: none.

Yield only is routed to DAO-approved paths (initially: community grant rounds).

SHU holders lock SHU in the Regen App to gain voting power and decide allocations.

What Passing This Temp Check Authorizes:

• Create an Octant v2 vault for ShutterDAO 0x36 and configure the Morpho “Steakhouse” USDC strategy.
• Deposit $1.5M USDC from treasury into the vault (non-custodial; withdrawable by the DAO).
• Configure Payments Splitter to route 100% of yield to DAO-approved funding rounds.
• Establish a Gnosis Safe multisig (min 3/5) to execute emergency unwind (redeem back to USDC and pause redeployments).

Parameters (initial):
Deposit: $1,500,000 USDC
Strategy: Morpho “Steakhouse” USDC (APY variable; external to Octant)
Routing: 100% of yield to Shutter Ecosystem Rounds (USDC payouts to verified project addresses)
Fee policy: No Octant platform fee

Safeguards

DAO custody, always: Only the DAO multisig can move funds.

Emergency Unwind: Multisig may redeem positions back to USDC and pause redeployments; any re-deployment or principal transfer requires an on-chain vote.

Transparency: All allocations, votes, and payouts are on-chain; recipients must submit verified payout addresses.

**Risks & Mitigations (brief): **
Smart-contract / counterparty risk: Strategy risk sits with external protocol; DAO can unwind to USDC.
APY variability: Yield is market-driven; allocations scale with realized yield.
Operational risk: Clear roles (DAO ops + Octant support), simple routing, and quarterly cadence to minimize overhead.

Suggested Timeline

• Begin deposit once vault is available and DAO multisig is configured.
• First round into the regen app (described in discussion) after sufficient yield accrues (DAO sets threshold).
• Pilot review after ~two rounds.

**Vote Options **
YES — Proceed with the Octant v2 pilot as outlined.
NO — Do not proceed.
YES, WITH CHANGES — Proceed, but apply comments noted in the forum thread.
ABSTAIN — Participate in quorum without expressing support or opposition to the proposal.

Quorum / Voting period: per ShutterDAO 0x36’s Snapshot settings.