OIP-74: Partnership with JonesDAO

Summary

Formalize a partnership to integrate and align JonesDAO and Olympus. JonesDAO will provide Olympus with 3.3% of its governance token at launch, which Olympus can use to stake, govern, and earn a share of protocol fees within JonesDAO. Olympus commits that it will not reduce its exposure to JonesDAO's governance token, and will provide advice and assistance to JonesDAO. JonesDAO will become an official treasury partner of Olympus, generating yield via safe, actively managed and sufficiently hedged options strategies deployed on a portion of treasury assets - subject to an appropriate risk managed pilot under a separate OIP.

Background

For further background please see the OIP-74 forum proposal https://forum.olympusdao.finance/d/1009-oip-74-partnership-with-jonesdao

Max supply: 10,000,000 Supply at launch: 2,440,000 Digits: 18 Operational Allocation: 15%

This allocation is used to handle governance, incentivize community contributions and strategists, help grow the platform and recruit talent, and account for operating and growth costs.

Platform Rewards: 42% These rewards will incentivize the use and upkeep of the Jones DAO protocol. Team Allocation: 12% Vested for 18 months distributed using a drip system via a smart contract. Public Sale: 17% Private Sale: 9.67% 3 month cliff, and then vested over 6 months. Airdrop: 1% Split between guarded launch members and Dopex SSOV users. Olympus: 3.3% Proposed allocation for OlympusDAO to be held in perpetuity.

Team

Core Members: @FroyoFren @xenes1s @0x_ultra Advisors: @Halko500k @witherblock

Motivation

We are Olympus giga bulls. We also share the same values—integrity, decentralization, and empowerment. JonesDAO will help Olympus grow the strength of their treasury and hedge market risk. We believe in Olympus’ vision, and want it to succeed. As such, we are committed to devoting our expertise to the expansion, robustness, and growth of Olympus’ excess treasury reserves. In addition to treasury management for Olympus, JonesDAO will also have Jones Vaults for gOHM, bringing deep liquidity to the options market for gOHM and unlocking a new layer of yield for the Ohmies.

Proposal

We propose the following partnership between Jones DAO and Olympus: JonesDAO provides: 3.33% of its governance token to Olympus, vested linearly over 12 months - so Olympus can take part in our governance - on the condition that Olympus retains and does not dispose of these tokens. Whitelisting Olympus for all current and future Jones Vaults, and bespoke treasury management when needed, to generate safe, sustainable yield gOHM Jones Vaults for Olympus and the Ohmies to earn yield on their gOHM.

Olympus provides: Recognition of JonesDAO as an official, aligned partner Deposits of discretionary amounts of treasury assets to JonesDAO for management Advisory, assistance, and consultation from its contributors to help with our roadmap and future growth Participation in our governance Recommendation of JonesDAO’s suitable products to appropriate partners and users accessing Olympus products Consideration of integrating of JonesDAO products, including but not limited to the gOHM Jones Vault, to Olympus Pro front-end - provided they are suitably brand appropriate and mature

Polling Period

The vote commences now and will be live on Snapshot vote for at least 48 hours

Should Olympus partner with JonesDAO?

Yes - approve partnership

No - do nothing