Support BTC Bonding

Voting ended about 4 years agoSucceeded

Bitcoin is the greatest reserve asset Olympus can use. Bitcoin has the clearest regulatory structure. Bitcoin is also still a nascent asset class that has a shot at absorbing over $100 trillion in value from other store-holds of wealth like stocks, bonds, collectibles, and real estate. For these reasons, Bitcoin has the highest expected value (risk-adjusted return). It should be a major part of the OlympusDAO treasury.

Proposal: Add as many ways as possible to let people bond bitcoin into the Olympus treasury. WBTC and renBTC are two examples of Ethereum-compatible forms of bitcoin.

Off-Chain Vote

For

20.53K 89%

Against

2.5K 10.8%

Abstain

33.52 0.1%

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Timeline

Nov 22, 2021Proposal created

Nov 22, 2021Proposal vote started

Dec 31, 2021Proposal vote ended

Oct 26, 2023Proposal updated