Increase liquidity/market cap ratio to 0.2

Due to extreme conditions and a market-wide liquidity crisis, the liquidity team proposes increasing the liquidity/market cap ratio to 0.2 on Ethereum mainnet. Along with with the Arbitrum deployment, this can mark the beginning of a more active positioning in the ETH market pending the Treasury rebalance.

Current mainnet distribution, totaling 47.3m:

Curve: 2.1m (OHM-ETH) Balancer: 5.7m (OHM-DAI-ETH, 1.420m of ETH) Sushi: 8.5m (OHM-ETH) Sushi: 30.8m (OHM-DAI)

The proposal is to increase the total liquidity from 47.3m to 53.5m, targeting Sushiswap being our primary liquidity hub at the moment:

Add: 3.2m of OHM-DAI and 3m of OHM-ETH, totaling 34m and 11.5m respectively, representing a ~34% liquidity split ratio on the most voluminous pools, which is in line with the volume split ratio.

Along with Arbitrum deployment (which is not considered in the above split), should ETH continue to depreciate, we can initiate the ETH rebalance process as to achieve a 30-33% liquidity and treasury exposure - the same is applicable in the other direction. Finally, we anticipate that the sentiment of adding liquidity in a dry market would be welcomed.

Notes: On the question of increasing risk, by adding a total of 23% of our ETH reserves -- 3.3m worth of ETH -- the Treasury would effectively sell ETH should the price depreciate, and do the opposite on the way up; with the assumption that OHM retains relative stability.

The argument against is that it in some way conflates with our objective to reach the 120MA, though at the same time, bolstering liquidity would likely increase our profitability at extracting the margin via inverse bonds. With regards to OIP-94, it's possible that there would be some negative sentiment with backtracking from our enthusiasm about reaching it quickly, though the optimism that OHM could regain a premium has waned.

Vote: Add - yes to adding an additional 6.2M of liquidity to Sushi: 3.2M OHM-DAI & 3M OHM-ETH Do not add - do not add additional liquidity to Sushi