OIP 181 - Berachain Q5 Scaling Strategy

Summary:

While Olympus has successfully extended its technical framework and liquidity onto Berachain, we are looking to expand the scope of our efforts and capitalize on the opportunities provided by the market.

Key Performance Metrics:

• 8% increase in Spot following launch of Proof of Liquidity earlier this week.
• Protocol Owned Liquidity currently makes up $67.1m of the $102m in TVL and is receiving proportional inflows from POL.
• $1-2m in daily volume through the LP
• Strong engagement from core partners in the Berachain Community for additional OHM Paired LP’s. Novel strategies around OHM being discussed
• Emerging Credit Markets accepting OHM as collateral

Proposal:

As a follow-up to OIP-175, we request community support to make the follow strategic adjustments in our liquidity distribution and strategic efforts:

• In an effort to maintain a majority share of the OHM/HONEY Pool, we request community permission to continue drawing from the Olympus sUSDS reserves to create ample OHM/HONEY depth on Berachain, while still maintaining appropriate liquidity on Mainnet to meet all commitments. This will include, but is not limited to, adjusting liquidity depth on other chains where it is less capital efficient, as well as drawing from our strategic reserves.
• Continue capturing POL emissions directed to our pools. Furthermore, formally pivot from using OHM as the primary incentive token over to iBGT now that we have established ample depth to support this. OHM can then be used to supplement or if it’s advantageous to do so.
• Continue to co-incentivize with other fundamentally sound projects who are offering to attach to OHM pairs as their core liquidity.

Motivation:

As this landscape evolves, we will continue to evolve with it and position OHM to be the most liquid and utilized/routed asset on Berachain.