OIP-26: Move OHM-FRAX pool to Uniswap v3

Summary

Migrate our Uniswap v2 OHM-FRAX pool to Uniswap v3 to make use of the added capital efficiency as well as the additional levers. When FRAX bridge over their liquidity to Arbitrum, we would migrate up to 50% of our OHM-FRAX pool to Arbitrum as well.

Proposal

• Move OHM-FRAX pool to Uniswap v3

• Leveraging v3’s concentrated liquidity positions, we would provide liquidity in a range from RFV per OHM (approximately 27 today, but we will use 25) to $1500; for reference, standard xyk (e.g., v2) pools implicitly range from 0 to infinity

• This pool migration would be executed in several steps to ensure a smooth transition

• The RFV of our OHM-FRAX LP position will go from $891,851 in v2 to $127,030 in v3. Overall this is a 1.9% decrease of our total Treasury RFV.

• When FRAX move their liquidity to Arbitrum, we would deploy 50% of the OHM-FRAX pool to Arbitrum

Important Notes

• We would end OHM-FRAX bonds due to the complexity for users and inability of our Treasury to take in v3 LP tokens

Additional context, explanation and discussion of this proposal can be found on the forum:

https://forum.olympusdao.finance/d/105-oip-26-move-ohm-frax-pool-to-uniswap-v3

Vote

Option (1): Move the OHM-FRAX pool to Uniswap v3 with the proposed parameters AND move up to 50% of this pool to Arbitrum when FRAX moves their liquidity

Option (2): Move the OHM-FRAX pool to Uniswap v3 with the proposed parameters, BUT DON’T move up to 50% of this pool to Arbitrum when FRAX moves their liquidity

Option (3): Don’t move OHM-FRAX pool to Uniswap v3 with the proposed parameters AND DON’T move 50% of this pool to Arbitrum