Bond Phalanx: July 21 Markets

Proposal: 2 bonds

• 200k/d, max payout 133k
• 200k/d, max payout 50k

Reasoning: We're currently above liquid backing value and finishing OIP-94. The max we can set according to framework is the amount required to get to 120d MA on DAI, which is $754k. However, recent market pumps have also seen increased organic outflows. It is likely that it'll require consistent, large capacity in order to maintain current levels. The IB framework after OIP-94 ends would return us to much lower capacities.

So, given the end of OIP-94, recent market pump, increasing organic outflows, and likely lower future capacity this week's capacity should be reduced in order to soften capacity transition and avoid market shocks.

*Note these markets end on July 25th. New markets will need to be launched on that day.

More details in https://www.notion.so/olympusdao/0c7edc9f8fd64485b4c95bc3f30e61a0?v=77077ed63f8049fdbb4c43197064c8b1