Summary
Introduce LUSD as the next stable reserve asset in the form of reserve bonds and an OHM-LUSD pool on Sushi.
Additional context, explanation and discussion of this proposal can be found on the forum:
https://forum.olympusdao.finance/d/100-oip-24-add-lusd-to-the-treasury
Proposal
- Introduce LUSD reserve bonds to diversify the treasury and hedge against centralized stablecoin risks. Upper limit of 5% of circulating supply.
- Deploy incentives in the form of $5k worth of LQTY per day (already secured via discussions with Liquity) and $5k worth of OHM per day to an OHM-LUSD pool on Sushi. Incentives will run for 35 days to bootstrap the pool.
- Introduce OHM-LUSD bonds to accumulate ownership of the incentivized liquidity pool
Vote
For: Add LUSD to the Treasury via reserve and liquidity bonds
Against: Don't add LUSD to the Treasury