TDP 32 - Olympus Pro Bond Adjustments
It is proposed to amend TDP 25 to change the token used to purchase MTA bonds from cvxmusd3crv to mUSD for the 2nd round of Olympus Pro bond issuance and beyond if required.
When the LP token for the Olympus Pro Bonds was initially picked, we anticipated that owners of a Convex mUSD position would like an easy and simple exit out from the liquidity pair, and we wanted to enable the capture of this via the Olympus Pro bond program.
The first round of bonds have shown us that much more people were interested in purchasing bonds with easy to access collateral, so it is proposed to switch the LP token currently being used to buy MTA Bonds to mUSD to allow for easier entry into the bond program and give the treasury more flexibility on how to utilize this liquidity in the future via governance.
Links
- RFC: Amendment to TDP 25
- Proposal: TDP 32
- Discussion: TDP 32 - OIympus Pro Bond Adjustments
Should the token used to purchase Olympus Pro MTA Bonds be changed to mUSD as specified in TDP 32?
Off-Chain Vote
For
2.08M 93.2%
Against
151.84K 6.8%
Timeline
Dec 20, 2021Proposal created
Dec 20, 2021Proposal vote started
Dec 24, 2021Proposal vote ended
Oct 26, 2023Proposal updated