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OlympusDAOOlympusDAOby0xf7bdf10A5efEA6F06c6c20409d7A4EF0d5488ce60xf7bd…8ce6

Can we do multiple bonds with different Ohm Prices of the same asset?

Voting ended about 4 years agoSucceeded

To increase stability and possibly improve a stable currency. I propose that copy the butterfly option/Straddle/Strangle strategy with the bonds that we use. The idea is that we have two at the current price of Ohm to wEthereum with a specific expiration date, then have a long Ohm that is above the current price so that if Ethereum spikes then it will convert to APY. Then have the opposite Ohm to Ethereum or vice versa to where the APY if Ethereum drops, it will convert to APY.

I don't think I got the concept right but I know there are smarter more capable people here that could take this idea of having multiple bonds of the same asset but at different OHM prices, could actually cause more stability and even further push us away from having to use pegged assets in order to maintain a stable coin. The use of multiple bonds in a strategic manner could stabilize the currency even more and convert volatility even more into an APY while the coin itself stays flat.

Off-Chain Vote

Yes
532.59 7.4%
No
6.68K 92.6%
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Timeline

Nov 25, 2021Proposal created
Nov 25, 2021Proposal vote started
Dec 02, 2021Proposal vote ended
Oct 26, 2023Proposal updated