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Olympus PolicyOlympus Policyby0x6fa059C342a8eBEd5B2155Ca6Dca8397AdEC9B080x6fa0…9B08

Bond Phalanx: June 9th Markets

Voting ended over 3 years agoSucceeded

Proposal to close existing bonds and reissue two inverse bonds:

One 122k/d, with 122k max payout And one 122k/d, with 61k/d max payout These would be DAI bonds, and would last until Friday next week.

With 43 days left till the end of OIP-94 we require $245k per day to reach the 120 day moving average. These bonds reflect recent discussions and new changes to the Inverse Bond framework. Going forward Bond Capacity will match the amount required to reach the 120MA while we're above backing or less than 10% profit margin below backing.

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

Off-Chain Vote

Launch Markets
7 vote100%
No, discuss further
0 vote0%
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Timeline

Jun 08, 2022Proposal created
Jun 08, 2022Proposal vote started
Jun 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated