Deposit BLND-USDC LP tokens into YieldBlox backstop
YieldBlox DAO governance checkpoint: vote on whether to deposit returned BLND-USDC LP tokens into the YieldBlox backstop. A For outcome signals intent to unfreeze the lending pool; Against or failed quorum tables the decision pending further discussion.
YieldBlox DAO governance proposal 47 serves as a checkpoint decision on LP liquidity deployment into the protocol's backstop mechanism, a safety layer for the lending market. Tokenholders vote on whether to deposit BLND-USDC LP tokens currently held in the Comet LP position into the YieldBlox backstop via the backstop manager contract. A For vote authorizes the security council to initiate the deposit, with timing to be determined through governance discussion and protocol assessment. An Against vote or failure to reach quorum will postpone the decision pending further community discussion. This proposal is coordinated with parallel governance votes to remove collateral factor from all assets except XLM, USDC, and PYUSD. A For outcome signals the DAO's intent to unfreeze the lending pool once market conditions permit.