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Olympus PolicyOlympus Policyby0x6fa059C342a8eBEd5B2155Ca6Dca8397AdEC9B080x6fa0…9B08

Bond Phalanx: Aug 14 - Additional Capacity

Voting ended over 3 years agoSucceeded

Proposal: One 171k/d, max payout 114k

Reasoning: We're currently >10% and <25% discount to liquid backing value of $14.55. The max we can set according to framework is 2x the amount required to get to 120d MA on DAI over 30 days, which is $358k/d. Current market capacity is $187k so we can add an additional $171k capacity per day.

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

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Timeline

Aug 14, 2022Proposal created
Aug 14, 2022Proposal vote started
Aug 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated