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OlympusDAOOlympusDAOby0x5918752dE56e90277B020bCe9243b1056e67F6410x5918…F641

OIP-36: Add WBTC to the Treasury

Voting ended over 4 years agoSucceeded

Summary Introduce WBTC bonds as a way of accumulating wrapped BTC for the Treasury. We see getting Bitcoin exposure, which is still to this day the cryptocurrency market leader, as an important step in our goal of becoming a decentralized reserve currency.

Key Points

  • Add a new bond type - WBTC reserve bonds
  • Target 3.3% of Treasury risk free value (RFV)
  • Aim to reach this target over a period of 60 to 90 days from the start of bonding
  • Use a 45 day Moving Average (MA) to calculate the 3.3% of Treasury WBTC target allocation

See full proposal and discussion on the OlympusDAO forum: https://forum.olympusdao.finance/d/176-oip-35-add-wbtc-to-the-treasury

Off-Chain Vote

FOR: Create WBTC reserve bond
95.61K 78.6%
AGAINST: do not create WBTC bond
25.97K 21.4%
Download mobile app to vote

Timeline

Oct 19, 2021Proposal created
Oct 19, 2021Proposal vote started
Oct 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated