Summary
Introduce Lobis as a governance arm of OlympusDAO to acquire a basket of governance tokens via bonding:
- Reserve bonds: user deposits CRV, FXS, etc. to receive LOBI at a discount
- Liquidity bonds: user deposits LOBI/OHM LP tokens to receive LOBI at a discount
- Reserves built through those bond sales enable minting new LOBI which are given to stakers
Additional context, explanation and discussion of this proposal can be found on the forum:
https://forum.olympusdao.finance/d/343-introducing-lobis-the-governance-arm-of-olympus-dao
Proposal
Approve terms for Lobis launch including:
- Lobis use of Olympus mechanisms to acquire CRV, FXS, etc. via bonds
- Lobis free loan portion of initial supply of LOBI to OlympusDAO
- OlympusDAO to supply initial liquidity for OHM-LOBI pair using OHM from DAO Treasury, approve up to $5m OHM for initial liquidity
- Lobis to airdrop LOBI to Ohmies via Merkle tree
- Lobis to hard-code 1.1% revenue share of bond sales
Vote
For: Approve terms of Lobis launch
Against: Don't approve terms of Lobis launch