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Olympus PolicyOlympus Policyby0x6fa059C342a8eBEd5B2155Ca6Dca8397AdEC9B080x6fa0…9B08

Bond Market Capacity Adjustment: May 27

Voting ended over 3 years agoSucceeded

Add a new Bond Market of $330k capacity with a max payout of $165k.

Bond framework suggests we should consider relaunching markets when Organic Flows at time of launch have diverged >300k on a 7 day exponential moving average. Organic Flows are -$534k currently and were $150k when we voted on a new market on May 25. We've exceeded that threshold.

Recent discussions decided a maximum capacity should be applied when we are bonding at <25% profit margin, which we are currently. This maximum should be 2x the amount of inflows required to reach the 120 day moving average. Currently 2x is $332k.

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

Off-Chain Vote

Yes, add new market
8 vote100%
No, continue discussions
0 vote0%
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Timeline

May 27, 2022Proposal created
May 27, 2022Proposal vote started
May 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated