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OlympusDAOOlympusDAOby0xb2cce4D789dF6723b11953FCD8d6FCC9Ac6A2A3f0xb2cc…2A3f

Add XAUT (Tether's Gold Pegged Stablecoin) to the treasury.

Voting ended about 4 years agoSucceeded

DAI subject OHM to inflation of the USD, which is at its highest point in 30 years. Holding other cryptocurrencies in the treasury is a good hedge against inflation, but still subjects the treasury to the volatility of the these underlying assets. When we enter a bull market, the declining value of crypto assets held in the treasury will have an outsized effect on the price of OHM. I propose that we make 10% of the treasury Tether's Gold Pegged Stablecoin, XAUT, as a hedge against both the inflation of the USD, and the inherent volatility of other crypto assets held in the treasury. Let's move Olympus onto the gold standard.

Off-Chain Vote

Yes, add Gold to treasury
2.35K 19%
No, don't add Gold to treasury
9.99K 81%
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Timeline

Nov 12, 2021Proposal created
Nov 12, 2021Proposal vote started
Nov 26, 2021Proposal vote ended
Oct 26, 2023Proposal updated