OIP-94A: Amend Interim Ranged Stability Policy Levers

Summary:

Grant Policy Authority to: Continue deploying inverse bond markets Continue running inverse bond markets below and above backing Continue burning OHM acquired via inverse bonds

Forum post and context can be found in the Discussion section link.

Motivation

OIP-94 has succeeded in profitably removing OHM from circulation, dampening downside OHM volatility during adverse market conditions, and proving the beneficial impact of Inverse Bond markets on the protocol. As this OIP concludes and we anticipate the launch of Ranged Stability, the best interest of the Olympus econOhmy remains to continue using its Treasury to conduct market operations that encourage healthy market behavior.

Implementation Details

A target to meet the 120-day moving average

Daily/weekly inverse bond capacity will continue to be determined by the amount of DAI required to meet the 120-day moving average target

OHM acquired from inverse bonds will be burned

This program will end when Ranged Stability is live

Note that the specific parameters will be monitored regularly by Policy and will change based on market conditions

Proposal Authorize the Policy team to: Continue running inverse bonds above liquid backing Burn remaining OHM after removing liquidity