OXD-PO2: Increase $OXD emissions by 6.4% to acquire OXD-USDC via Olympus Pro Bonding Program.

This second proposal aims to increase emissions by 6.4% and to use them as incentives for users willing to bond OXD-USDC through Olympus Pro. Emissions for the current pools WILL NOT CHANGE and the OXD-USDC bonding would receive 30.18 OXD / sec.

About Olympus Pro:

Olympus Pro is a leading platform for securing liquidity for protocols across DeFi. Olympus Pro provides bonding-as-a-service, a mechanism that allows protocols to guarantee users sufficient levels of liquidity for normal market operations. This helps to mitigate situations where liquidity is reduced, or in the case of a bank run, liquidity is pulled entirely from a protocol.

Instead of staking LP (liquidity provider) tokens for farming rewards in a Pool 2, users can exchange their LP tokens for the protocol's governance tokens at a discounted rate. This is done through a process called “Bonding”. As the protocol never sells these LP tokens, the liquidity is effectively locked within its treasury.

You can learn more about it here :

• Website : https://www.olympusdao.finance/pro
• Doc : https://docs.olympusdao.finance/main/
• Twitter : https://twitter.com/OlympusDAO
• Discord : https://discord.com/invite/6QjjtUcfM4
• Medium : https://olympusdao.medium.com/

Why Bonding Makes Sense for OXD:

Using additional emissions to start acquiring OXD-USDC LP (on Spookyswap) will increase our liquidity depth and establish a price floor over time as we reach a sizable share of total liquidity;

Using Olympus Pro for bonding will facilitate more efficient swap pricing while enabling short-term vesting. It also allows us to quickly deploy other bonding options (if needed).

Once Solidly goes live, the community will be able to vote to incentivise the OXD-USDC pair on Solidly, boosting the yields our treasury will collect from staking while increasing incentives for liquidity provision.