Olympus Pro Bonds Proposal

After 24 days of discussion on the forum and discord, its time to push this forward with changes made to it based on the feedback given.

If your not familiar with the proposal or its past discussions, please click the link above to get familiar with it.

Now, on to business. Olympus Pro requires at least $250k of tokens and since USF has been up and down dramatically the last month, i’m going to say that we provide a min of 500k USF / $313642.5 as of writing to account for fluctuations in USF’s price. The goal of this proposal to reduce the amount of USF that is being emitted, which enables the DAO to “stay wealthy”. Based on the feedback from all teams in the initial Olympus Pro batch, and overwhelmingly they have agreed that its been highly beneficial to their protocols and they are going to extend and increase the funds available. Based on the success of the initial group, I believe USF should be in the next batch as soon as possible. The earliest i believe USF can do this, is at the start of Epoch 20, which is approx. 12 days from now.

Now, onto the various options.

Variant 1)
Current LP emissions = 200k USF per epoch (15 days) x 2 epochs = 400k USF monthly
Revised LP emissions = 100k USF per epoch x 2 epochs = 200k USF monthly
The 200k difference + added 300k from future LP emission will be put to use in the OlympusPro bond program for 30 days
Total amount for the 30 day trial = 500k USF

Variant 2)
Current LP emissions = 200k per epoch (15 days) x 2 epochs = 400k USF monthly
Revised LP emissions = No change to the above emissions.
Asking to use 500k from future LP emissions in the OlympusPro bond program for 30 days
Total amount for the 30 day trial = 500k USF

Variant 3)
Current LP emissions = 200k per epoch (15 days) x 2 epochs = 400k USF monthly
Revised LP emissions = No change to the above emission for the next epoch
Asking to use 500k from future LP emissions in the OlympusPro bond program for 30 days
Total amount for the 30 day trial = 100k USF
If Bonds sell out before the end of the 30 days, then…
Revised LP emissions = 100k USF per epoch x 2 epoch = 200k USF
The 200k will be added to the existing USF bond program in Olympus making the total 700k USF a month

Variant 4)
Current LP emissions = 200k per epoch (15 days) x 2 epochs = 400k USF monthly
Revised LP emissions = Liquidity Provider emissions are set to zero
Asking to use 100k USF from the future LP emissions to add to the above 400k
Total amount for the 30 day trial = 500k USF

Voting is now live on Snapshot! Snapshot