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Olympus PolicyOlympus Policyby0xD7168918FA3b7e2E87052D7C3A12F45b32A88Cf00xD716…8Cf0

Migrate 25M DAI to new treasury contract to launch RBS

Voting ended over 3 years agoSucceeded

Reserves needs to be transferred to the new treasury contract to fund the RBS mechanics. In policy discussion on Oct 11 it was discussed that a good balance is to transfer 2 times the ask factor to the new contract. Additional protocol reserves assets will be transferred to the new treasury contract over time, according to OIP-121 (if passed).

Total reserves ~130M DAI, ask factor 0.1, two times the ask factor according to policy discussion. Rounded to 25M total.

increaseDebt will be used in treasury v4 to report the full treasury reserves of treasury v3 + v4 in RBS, negating any changes to RBS parameter initialization

Off-Chain Vote

Migrate 25M to treasury v4
3 vote100%
Don't migrate
0 vote0%
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Timeline

Oct 12, 2022Proposal created
Oct 12, 2022Proposal vote started
Oct 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated