As of July 2022, Cabin had approximately 4.5 million USDC in its main account.
Had it been staked at 7% APY those reserves could have earned Cabin approx. $800k in interest.
$2.7 million at 7% APY would earn Cabin $190k/year.
This seems like the crypto version of keeping money under the pillow instead of putting it into a savings or investment account?
What is Cabin’s investment management policy and investment governance strategy to maximize the earnings on its cash reserves?
Investing Cabin’s reserves seems like a great way to make Cabin money. There appear to be a variety of opportunities for Cabin to earn 5% upwards with various risk thresholds. I’d love thoughts from Cabin’s members who know this space!