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Olympus PolicyOlympus Policyby0x389b11C4fA4b95bCc252A2B20Bb62310Fbc36746abipup.eth

Temporarily remove all DAI from Aave prior to the Merge

Voting ended over 3 years agoSucceeded

Potential ETH instability during/after the Merge increases the risk of losing our DAI in Aave.

This proposal is to remove the DAI Olympus has deposited in Aave. On a weekly basis the Treasury Oversight team will analyze ETH volatility to determine if/when a good time comes to redeposit (subject to another snapshot vote)

We don't give up much in terms of DAI gains by removing the DAI for a few weeks, and completely eliminate the risk of holding in Aave during potentially extreme volatile period of ETH.

Off-Chain Vote

Remove DAI from Aave
3 vote100%
Do not remove DAI from Aave
0 vote0%
Download mobile app to vote

Timeline

Sep 09, 2022Proposal created
Sep 09, 2022Proposal vote started
Sep 10, 2022Proposal vote ended
Nov 12, 2025Proposal updated