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OlympusDAOOlympusDAOby0x389b11C4fA4b95bCc252A2B20Bb62310Fbc36746abipup.eth

OIP-56: Policy Framework v2

Voting ended about 4 years agoSucceeded

Summary:

Update the framework from OIP-22 distinguishing between (1) key policy decisions that require a community vote from (2) technical levers that the policy team uses with autonomy to implement community decisions and ensure the ongoing health and stability of the protocol.

Motivation:

As Olympus has grown, the technical levers used by the policy team have become more complex, and now include Olympus Pro, the v2 bond contract, v3 liquidity pools and potential cross-chain deployments with some liquidity mining incentives. The new bond contract is particularly important to reflect in the updated framework: because the new contract does not allow changes to certain bond terms once a bond is launched, it is important that the policy team be able to launch and deprecate bonds to maintain the level of agility mandated by the community in OIP-22.

V2 of the Policy Framework seeks to reflect these developments.

Proposal:

We propose updating the table below as a general framework to clarify when the policy team should take action to implement community decisions, and when it must seek specific authorization.

Because it is difficult to predict in advance every technical policy issue that may arise, the following list is not intended to be exhaustive. Rather, it should serve as a living document to help everyone in the community understand how decisions are made.

More context can be found on the Olympus proposal forum post: https://forum.olympusdao.finance/d/622-oip-56-olympusdao-policy-framework-v2

Off-Chain Vote

Approve Policy Framework v2
153.32K 99.9%
Do not approve
127.21 0.1%
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Timeline

Dec 29, 2021Proposal created
Dec 29, 2021Proposal vote started
Jan 02, 2022Proposal vote ended
Mar 04, 2026Proposal updated