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OlympusDAOOlympusDAOby0x763A641383007870ae96067818f1649E5586f6DE0x763A…f6DE

OIP-7: Version 1.1

Voting ended almost 5 years agoSucceeded

Summary: Upgrade Olympus contracts to enable new functionality and facilitate V2 features.

Background: Many potential contract improvements have become clear since we rolled out V1 at the end of March. We are currently unable to add new reserve/liquidity assets or deploy reserves, and staking rewards are preminted, creating a high total supply and FDV that freaks people out. For our V2, we also need to enable new functionality that is not currently possible.

Abstract: Implement a whole new suite of contracts. We would replace everything except for the OHM token. This new deployment can be done in parallel to existing contracts; we construct the entire new ecosystem, and kick it off by simply pointing the OHM token toward the new vault.

Motivation: Operate with improved contracts, enable new functionality, and set ourselves up for V2 and beyond.

Timeline: We are in the midst of an audit on these contracts, and hope we can deploy them as soon as Monday, May 17th.

Additional Info: https://olympusdao.medium.com/olympus-v1-1-a5c6a48be7d1

For: Roll out V1.1 contracts Against: Keep V1 contracts

Off-Chain Vote

Roll out V1.1
2.22K 100%
Stay on V1
0 0%
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Timeline

May 07, 2021Proposal created
May 07, 2021Proposal vote started
May 12, 2021Proposal vote ended
Oct 26, 2023Proposal updated