Restart bribing on Curve using OGV?

One of the reasons we launched OGV was to be able to offer more sustainable liquidity mining rewards for the OUSD pool on Curve/Convex. At launch, one billion OGV was explicitly set aside for bribes and other incentives.

Until recently, the price, liquidity, and trading volumes for OGV were too low to even consider offering liquidity mining rewards. OGV is still very early in its journey, but we're starting to gain momentum.

A few highlights:

• Over $2M of liquidity on Uniswap and Curve
• Over $1.5M in daily trading volume
• 78.82% of all OGV is currently staked for up to 4 years and the number of stakers continues to grow
• A new Curve gauge was recently approved for the OGV/ETH pool so liquidity providers will soon be able to earn CRV and CVX rewards
• OGV was recently whitelisted on Votium

Should we reenter the Curve wars now or continue waiting for OGV to mature?

Incentives are a proven way to grow our TVL and increase the APY of OUSD. At the same time, we need to be careful not to flood the market with too many tokens before the market is strong enough to absorb them.

If we restart bribing now, how many OGV should we offer on Votium or StakeDAO in this round? The bribes will be directed solely towards the OUSD pool as the new OGV pool is not yet eligible for rewards.

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Discuss this proposal in the #ousd-governance channel on Discord