PhantomDAO <> FRAX Partnership

Summary

Phantom DAO is an Olympus inspired treasury-backed accelerator project exclusively on Fantom with unique features built into the protocol. Phantom DAO would like to use FRAX-PHM bonds to predominantly grow protocol controlled liquidity in FRAX.

Additionally, FRAX should invest in Phantom DAO’s native PHM token either through a Phantom AMO or a treasury swap with AMO profits from the protocol (at community discretion).

Lastly, FRAX should provide lending liquidity through our SCREAM AMO or an exclusive lending system as the FRAX-PHM liquidity will be quite deep thanks to bond purchases.

Background

Phantom DAO is a treasury-backed accelerator project similar to Olympus DAO but with unique treasury yield farming mechanics and the accelerator within the DAO. Phantom DAO is currently on the eponymous Fantom network. Phantom DAO also is an official partner of Olympus DAO which means FRAX-PHM-OHM can team up in the future as well.

FRAX has native minting and AMO capability on Fantom and has expanded its ecosystem in lending and liquidity through SCREAM+SpiritSwap.

Government Proposal

For: Intake PHM through AMO or treasury swap in conjunction with Phantom DAO’s FRAX-PHM bonds & provide PHM lending+leverage to PHM

Against: Do nothing