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Olympus PolicyOlympus Policyby0xC71deD6f0E5660DFe79C849058Afd9BE7a3c85b80xC71d…85b8

Bond phalanx: July 8th - Additional bond for coming week

Voting ended over 3 years agoSucceeded

Proposal:

  • Add an additional 295k/day IB, taking the total capacity to ~423k/day for the coming week, max payout would be ~150k/day.

Reasoning: We're currently below the 10% profit margin, meaning that the max we can set according to our framework is the amount required to get to 120d MA on DAI. We unfortunately had a bug in our computation which made us undershoot our calculation of this capacity required per day to reach the 120d MA. Previous number was ~128k/d, but is actually ~420k/d, meaning we need to correct by adding 295k/d.

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

Off-Chain Vote

Launch additional bond
6 vote100%
Don't launch
0 vote0%
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Timeline

Jul 08, 2022Proposal created
Jul 08, 2022Proposal vote started
Jul 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated