Clearpool YTs as a new yield source for USDT BY - Fasanara


Treasury League


A proposal to add the Portofino Clearpool USDC Yield Tranches as a new yield source for the USDC Best Yield strategies.



After the recent exploit on Euler, Leagues have suggested to remove the Euler Yield Tranches from the basket of yield source of Best Yield strategies as a precautionary measure before a new audit is completed.

The current yield source of the Best Yield strategies would then be:

Strategy Token Underlying markets
Senior BY DAI Aave, Compound, Euler
Junior BY DAI Euler, Morpho


This proposal aims to add a new Clearpool Yield Tranche to the Best Yield strategies based on USDT:

Similar to previous Clearpool’s integration, Fasanara’s one would benefit doubly the Idle users

Yield Tranches are live since December 2021 holding a cumulative TVL of up to $50m.

Fasanara details

Fasanara Digital is a quantitative investment fund applying a scientific approach to investing in cryptoassets with the aim to achieve exceptional risk-adjusted returns for its investors.

Fasanara Digital was started in 2019 as part of Fasanara Capital, a 200 people London-based hedge fund founded in 2011 that specializes in alternative credit and fintech strategies. Overall, Fasanara Capital manages more than $4 billion across different funds.

With a team of 15 people fully dedicated to investments and development in digital assets, Fasanara Digital manages a delta-neutral high turnover fund specialized in market-making and arbitrage strategies. The fund trades approximately $10 billion per month in volume on both spot and derivatives on all major trading venues and has approximately $75 million in equity.

Clearpool (Fasanara) pool is live since the end of March. The Fasanara pool has a size of ~$1m and a maximum borrowing capacity of up to $40m. Credora rates the borrower with an AA.

Protocol Borrower Capacity Pool size Credora’s rating
Clearpool Portofino $40,390,683 1,152,804 AA

At the time of writing, the Fasanara pool provides 14.25% APR with a 76% utilization rate (source).

Risk rating

Following the new version of the risk rating framework, the Clearpool (Fasanara) Yield Tranches can be considered as a valid market to become a new yield source of the Best Yield strategies.

In order to trigger any BY deployment, the Yield Tranches will need to have at least a 24% coverage on Senior funds coming from the Junior counterparty.

Next steps

We are going to leave this thread open for comments regarding this proposal, and tomorrow, if there are no objections, we will open the temperature check.


Temperature check voting

The voting phase to add Clearpool’s Portofino USDC YTs and the Fasanara USDT YTs to the Best Yield strategies starts now :ballot_box:

  • Add both Clearpool Yield Tranches to Best Yield
  • Add Portofino USDC Yield Tranches to Best Yield
  • Add Fasanara USDT Yield Tranches to Best Yield
  • Add none

:arrow_right: Poll for $IDLE holders: HERE
:arrow_right: Poll for $IDLE stakers (stkIDLE holders): HERE

:alarm_clock: Polls will close on 2023-04-30T15:30:00Z

The final $IDLE voting weights will be calculated using the approved calculator.

Looking to delegate your vote on Snapshot? Follow the official Snapshot guide.

Let your vote count! :writing_hand:


Temperature check results

Temperature Check passed :white_check_mark:

The proposals to add the Portofino Clearpool USDC Yield Tranches and the Fasanara Clearpool USDT Yield Tranches as new yield sources for the USDC and the USDT Best Yield strategies will be included in the next IIP :hourglass_flowing_sand:

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