FRAX Partnership

Summary: Let's expand our community, liquidity, and treasury through a partnership with FRAX.

Background: Right now we have only one pool, OHM-DAI on Sushiswap. Our treasury now owns over 89% of that pool. Liquidity building was and is a productive activity that thickens our order books while growing our treasury. This liquidity building was most potent when we owned only a portion of the pool.

Abstract: This proposal suggests we partner with FRAX to build an OHM-FRAX pool on Uniswap. This would introduce us to a new trading market, while simultaneously adding our first new treasury asset. The pool would be bootstrapped via dual-incentived LP-staking hosted by FRAX. The pool would be accumulated by our treasury through OHM-FRAX liquidity bonds.

Once enough liquidity has built up in the OHM-FRAX pool, we want to extend this partnership through AMOs. For those unfamiliar with FRAX AMOs, they are similar to our bonds. In this case, our treasury would mint OHM using FRAX as backing (FRAX bonds) while the FRAX treasury would mint FRAX using OHM as backing (OHM AMO). This allows Olympus and FRAX to expand treasuries and supply together.

Motivation: To thicken our liquidity, grow our treasury, and expand our community through a fitting and mutually beneficial partnership with FRAX.

For: We should do the partnership Against: We should not do the partnership