Rewards Allocation — Q2 2026
Allocate 2,500,000,000 USDS across diversified institutional-grade stablecoin yield strategies for Q2 2026, pursuant to OBEX's Sky Ecosystem mandate.
Summary
This proposal requests approval to deploy OBEX's full Q2 2026 mandate of 2,500,000,000 USDS across four institutional-grade stablecoin yield strategies. The allocation strategy has been designed by the Framework Ventures team to optimize for risk-adjusted returns, protocol diversification, and alignment with the Sky Ecosystem's conservative yield objectives.
The projected blended APY across all strategies is approximately 7.3%, generating an estimated annualized yield of ~182,500,000 USDS on the deployed capital.
Allocation Breakdown
| Protocol | Allocation | Est. APY | Amount (USDS) |
|---|---|---|---|
|
LayerZero USDC Bridge
Cross-chain liquidity
|
40% | 8.2% APY | 1,000,000,000 |
|
Sky sUSDS Protocol
Liquid staking
|
30% | 6.4% APY | 750,000,000 |
|
Morpho Blue USDC Pool
Permissionless lending
|
20% | 7.8% APY | 500,000,000 |
|
Emergency Reserve
Liquidity buffer (USDS)
|
10% | — | 250,000,000 |
Motivation
OBEX operates with a $2.5B mandate from the Sky Ecosystem to incubate institutional-grade stablecoin projects that bring innovative and diversified yield to the protocol. Each quarterly allocation cycle, the Framework Ventures team evaluates eligible strategies and proposes an optimal deployment mix via governance.
This quarter's allocation prioritizes LayerZero's bridging infrastructure due to its consistently high utilization and competitive yield, while maintaining the 10% emergency reserve introduced in OBX-007 to ensure short-notice liquidity availability. The Morpho Blue allocation replaces the legacy Aave v3 position from Q1, offering superior risk-adjusted returns under current market conditions.
All strategy partners have undergone OBEX's standard institutional due diligence process, including smart contract audit verification, protocol TVL assessment, and counterparty risk analysis.
Implementation
If quorum and majority are met, the proposal passes automatically at the end of the voting window on March 30, 2026 at 09:00 UTC.
A mandatory 48-hour timelock allows token holders to review the final outcome before execution begins.
Framework Ventures executes the four allocation transactions via the OBEX multisig within 5 business days of timelock expiry.
All transactions and monthly yield statements are published on-chain and via the OBEX governance forum.
References
This proposal builds upon the framework established in OBX-001 (Original Mandate), the risk parameters in OBX-005 (Risk Framework v2), and the emergency reserve requirement in OBX-007 (Q4 2025 Allocation). Full due diligence reports for each strategy are available on the OBEX governance forum.