Summary
This proposal recommends updating the BMMF Reserve Backing Max Allowance from 60% to 70% and increasing the Reserve Backing Distribution from 50% to 65%.
Rationale
BMMF Turkey Stablecoin FX Arbitrage Strategy has shown strong, consistent performance and remains one of the most reliable yield sources in the reserve. Increasing its max allowance to 70% and distribution to 65% allows USP to allocate more capital to this stable strategy while still maintaining diversification and prudent risk management. These updates align the reserve with current performance and improve overall yield efficiency.
USP Reserve Backing Max Allowance Update
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 70% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
Reserve Backing Distribution Before
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 50% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 10% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 10% | Almanak Autonomous Liquidity USD | On Chain | https://almanak.co/ |
| 5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 2.5% | Cap USD cUSD | On Chain | https://cap.app/ |
| 2.5% | Cap USD stcUSD | On Chain | https://cap.app/ |
| 2.5% | Ethena sUSDe | On Chain | https://www.ethena.fi/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Midas mAPOLLO | On Chain | https://midas.app/mapollo |
| 2.5% | Midas mRe7Yield | On Chain | https://midas.app/mre7yield |
Reserve Backing Distribution After
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 65% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 10% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 2.5% | Cap USD cUSD | On Chain | https://cap.app/ |
| 2.5% | Cap USD stcUSD | On Chain | https://cap.app/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Midas mAPOLLO | On Chain | https://midas.app/mapollo |