With the passing of the SCP-78 proposal, the ShapeShift TMDC (Treasury Management and Diversification Committee) has been empowered to use Porter Finance to achieve its mandate of increasing the number of stablecoins the DAO holds. 🦊
To ensure funding for DAO operations, the TMDC created the mandate to increase its treasury stablecoin holdings to over $10M through various strategies. Porter Finance offers instruments that allow DAOs to borrow at fixed rates with no liquidation risk.
This kicks off the beginning of a harmonious relationship between ShapeShift and Porter Finance.
Learn more here