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OlympusDAOOlympusDAOby0xD7c4208AeB0961972B3eA717Be25F2194d5F03310xD7c4…0331

Open an OHM-ETH Pool on Uniswap

Voting ended almost 5 years agoSucceeded

Summary: Several community members have brought up the idea of an OHM-ETH pool. They would like to provide liquidity for OHM, but they also don't want to lose exposure to ETH. This proposal suggests that we create an OHM-ETH pair and incentivize it with 0.01 OHM per block, and reduce current LP incentives on OHM-DAI to 0.01 OHM per block.

Background: Many believe that it would be easier for us to build liquidity with an ETH pair. This makes sense; few here are likely holding DAI on a regular basis. An ETH pair could allow us to build deeper liquidity by offering an alternative for LPs. Additionally, by adding this pool on Uniswap, we can reach a significant number of new traders and LPs.

Abstract: It may be worthwhile to divert additional resources toward this OHM-ETH pairing. Reducing pool 2 rewards for OHM-DAI from 0.0135 OHM/block to 0.01 OHM/block, and adding new pool 2 rewards for OHM-ETH for 0.01 OHM/block, would help conserve our resources and the majority of our existing liquidity while incentivizing the buildup of new liquidity.

Motivation: To add extra options for prospective LPs with an ETH pairing and broaden our addressable market with a listing on Uniswap.

Concerns: Arbitrage created by an ETH pair versus a DAI pair.

For:

  1. Add the OHM-ETH pair with 0.01 OHM/block incentives and reduce the OHM-DAI pair to 0.01 OHM/block

  2. Add the OHM-ETH pair with 0.01 OHM/block incentives and keep OHM-DAI incentives as is.

Against: 3. Do not add an OHM-ETH pair, keep incentives as is.

Off-Chain Vote

Add OHM/ETH pair, adjust rewards
177.54 51.8%
Add OHM/ETH pair, add rewards
0 0%
Do not add OHM/ETH pair
165.46 48.2%
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Timeline

Apr 02, 2021Proposal created
Apr 04, 2021Proposal vote started
Apr 06, 2021Proposal vote ended
Oct 26, 2023Proposal updated