Bond Market Capacity Increase: June 11th

Proposal to increase capacity by issuing one additional inverse bond:

One 240k/d, with 240k max payout. This IB would be a DAI bond, and would last until friday next week.

Reasoning: Current amount of DAI required per day to get our price to its 120d MA is 263k. Current IB capacity is 286k/day, and we're at 13% margin with EMA of daily flows at -738k. According to our framework, we crossed the 10% profit margin and should currently push to our maximum which is 2 x the current DAI required to get to 120d MA.

This means we need to add 2 * 263k (our max) - 286k (current capacity) = 240k of additional IB capacity per day. We propose adding one big bond, which would put us with three IB running in total:

• A small 60k max payout one, 143k daily - Already running
• A medium 120k max payout, 143k daily - Already running
• A big 240k max payout, 240k daily - Suggested one

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

Feel free to ask questions in discord.