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Olympus PolicyOlympus Policyby0xC71deD6f0E5660DFe79C849058Afd9BE7a3c85b80xC71d…85b8

Bond phalanx: 22nd june - Issue bonds for coming week

Voting ended over 3 years agoSucceeded

Proposal to close existing bonds and reissue two inverse bonds over the next week:

  • One 200k/d, max payout 50k
  • One 189k/d, max payout 173k

These would be DAI bonds, and would last until friday next week.

Reasoning: We're currently at 18% margin, thus below the 25% margin. The max we can set according to framework is 2 x Amount required to get to 120d MA on DAI, which is 194,678$, hence max capacity ~389k/d. EMA is ~-500k, thus we use the max of ~389k/d.

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

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Launch markets
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Timeline

Jun 22, 2022Proposal created
Jun 22, 2022Proposal vote started
Jun 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated