🔃Reserve Backing
The reserve backing moderation will be automated with smart contracts and multisig control.
Initially, backing will start with fully on-chain assets and later with the formation of the Piku Foundation, Piku DAO will be able to vote to directly acquire off-chain assets. Thereby, reducing the reliance on middleman and commission cuts.
There are numerous opportunities to explore in DeFi when assesing the ideal basket of reserve backing for Piku. The PikuDAO members are encouraged to present and propose backing assets that should be included in the reserves to generate yield for the ideal store of value Piku.
Some example backing partners include the following tokenized assets:
| Product | Average Yield | TVL (USD) |
Ethena | 35% | 2.0 B | |
MakerDAO | 13% | 1.6 B | |
Compound ERC20 | 7.9% | 1.3 B | |
Aave ERC20 | 9.5% | 1.07B | |
Blackrock | 5% | 280 M | |
Centrifuge | 5% | 280 M | |
Ondo Finance | 5.2% | 127 M | |
Mountain Protocol | 5% | 81 M | |
Frax Finance | 3.2% | 93 M | |
Goldfinch | 8.57% | 59 M | |
Frax Finance | 5.4% | 29 M | |
Balsa | 105% | 12 M |
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