Olympus <> ICHI Proposal

TLDR

• ICHI and Olympus form a partnership bringing together Olympus Pro Bonds and ICHI Angel Vaults
• ICHI will create a bond market on Olympus Pro allowing ICHI community members to earn ICHI at a discount in exchange for depositing Angel Vault LP

Summary The Olympus DAO (olympusdao.finance) has built their innovative bonds product which allows protocols to create Protocol Owned Liquidity (POL) by selling their scarce crypto/governance tokens at a discount to protocol LPs. ICHI and Olympus have partnered to enable DeFi users to buy ICHI by using the bond mechanism on Olympus. With their oneUNI Angel Vault LP, Community members can buy ICHI at a discount. This proposal is in place to vote on the amount of ICHI to allocate towards buying Angel Vault LP.

Benefits to ICHI Community:

• Turning Angel Vault Liquidity into Protocol Owned Liquidity ensuring permanence of liquidity and security for the protocol and users
• ICHI HODLers gain the opportunity to buy discounted tokens
• While Angel Vaults have minimal exposure to IL, bonds completely remove that exposure
• Increases confidence in protocol liquidity on Uniswap v3

Specification

ICHI to:

• Use the Olympus Pro bond mechanism to sell $ICHI to HODLers at a discount

Olympus to:

• Create bond market for ICHI on olympusdao.finance

If 0 ICHI has 50+% of the vote, we will do nothing. Otherwise, the amount of ICHI will be the token-weighted average of the remaining options.