> Right now I'm trying to figure out how to consistently make $1/day as a POC exercise.

You can do this with the following strategy:

1. Buy $10,000 of Treasury bonds.

It might be more interesting to target a particular Sharpe ratio rather than an absolute dollar amount since that will be proportional to the amount you invest.

~$1.28/day if you just buy SGOV with that 10k.