Enable the purchasing of bonds using the top X tokens by market capitalization, excluding BTC and ETH which require standalone decisions due to their massive market caps, with an allowance of Y% of marginal treasury growth S, with the token selection updating every Z epochs. Marginal treasury growth in this context implies the expected increase in treasury balance over the period Z, measured in epochs. X, Y, Z to be chosen at the developers discretion, S to be calculated according to past returns, with calculation parameters at the developers discretion.
Example (X=5, Y=0.05, Z=21, S=1,000,000$): Suppose at time T0, the top 5 capitalized tokens aside from BTC and ETH are K1, K2, K3, K4, K5, and the expected treasury growth over 21 epochs is 1,000,000$ (fiat used for convenience of discussion).
At T0, a "bond slot" is allocated for tokens K1-K5, where the total capacity of the slot is determined by SLOT=YS. In this example, assuming suggested values for X,Y,Z are used, we have SLOT=0.051,000,000$=50,000$.
For the period T0-T1, where T1=T0+Z*8, the protocol offers bonds on K1-K5, with discount rates floating to incentivize a token intake that is proportional to the market cap of K1-K5.
If at any time the value of bonds sold exceeds the "bond slot", no further bonds are issued.
Motivation: Such a system will enable diversification of treasury assets, and growth of its assets as the entire cryptocurrency world grows. Given that future adoption of crypto is a fundamental assumption of any crypto project aside from memes, it makes sense to invest in it.
This DAO aims to function almost like a central bank, and is already participating in investment activity by staking some of the treasury balance elsewhere. Banks, however, invest a lot more than 5% into "growth" assets. Investing a small proportion of marginal treasury growth into crypto will increase the treasury's upside (and thus our upside), but will not introduce significant risk due to low overall asset allocation, diversification across several high market cap token, and a fast response time to market changes.
Over the long term, if this system is implemented, the treasury can be expected to accumulate a significant, diversified portfolio of non-stablecoin cryptocurrencies, which will enable Olympus not just to back its coin, but also to distribute investment profits to the clients of its "bank".