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OtterClamOtterClamby0x41222a33d9B40173118BD8B80114a9ce3617664E0x4122…664E

CIP051 - Acquire OHM

Voting ended over 3 years agoSucceeded

Ohm currently trades at $8.15 vs liquid backing of $10.39, a 22% discount.

Ohm is initiating a new bonding mechanism which will allow for long term emissions of OHM to be purchased by locking up supply of currently circulating OHM.

While this is potentially bearish for long term price, in the short term, it should have a bullish impact.

Moreover, DCF God recently purchased around >$300k OHM, and his holdings are now worth $700k. https://debank.com/profile/0xfa4fc4ec2f81a4897743c5b4f45907c02ce06199?chain=eth

I propose to purchase $100k gOHM on Arbitrum in the short term, and then another $100k in "approved" purchases - meaning if OHM has a bigger dip from here, we can add more to our bags.

Off-Chain Vote

For
139.07K vCLAM100%
Against
56.32 vCLAM0%
Abstain
0 vCLAM0%
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Timeline

Nov 29, 2022Proposal created
Nov 29, 2022Proposal vote started
Nov 30, 2022Proposal vote ended
Oct 26, 2023Proposal updated