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OlympusDAOOlympusDAOby0x5Ce7D83f7Aaac17a0Ad40540B37fC7a0b688FF440x5Ce7…FF44

OIP-44: Approve Lobis as OlympusDAO Governance Arm

Voting ended over 4 years agoSucceeded

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

Off-Chain Vote

For: Approve Lobis
208.94K 91.7%
Against: Don't approve Lobis
18.96K 8.3%
Download mobile app to vote

Timeline

Nov 14, 2021Proposal created
Nov 14, 2021Proposal vote started
Nov 19, 2021Proposal vote ended
Oct 26, 2023Proposal updated