APY Bond on Olympus Pro Bond Market (13 of 16)

Summary

If passed, this proposal will result in the creation of an APY Bond on Olympus Pro Bond Market. The creation of the bond will allow APY LPs to purchase bonds on Olympus Pro, effectively swapping LP tokens for APY tokens at a discounted rate.

The purchase of bonds reduces exposure APY LPs to impermanent loss and presents an option for purchasing APY tokens at a rate superior to the market.

The sale of bonds enables the APY protocol to increase protocol-owned liquidity and build liquidity depth supporting the goal of facilitating token utility.

Details

As of	12/09/21 9PM UTC
Additional Information	https://docs.olympusdao.finance/main/

Vote

This proposal has two options, you can choose to vote Yes or No

Yes

An APY Bond will be created and deployed on the Olympus Pro Bond Market.

No

No action will be taken