OXD PO5: Determine the use of treasury owned USDC/FRAX & SOLID/oxSOLID LP

Summary

Determine the use of the SOLID/oxSOLID LP ($200K) and USDC/FRAX LP ($500K) that the treasury currently holds. These funds were previously OXDv1/USDC LP received through the Olympus Pro bonding program. While it was previously proposed to buyback OXDv1, burn for oxSOLID, and redistribute to OXDv1 burners, we realize a decision such as this should ultimately be made by tokenholders.

Proposed options:

• Option 1: Sell the USDC/FRAX LP and SOLID/oxSOLID LP to conduct a treasury buyback of OXD v2
• Option 2: Sell the USDC/FRAX LP to conduct a treasury buyback of OXD v2 and leave the SOLID/oxSOLID staked to provide liquidity and use any farming rewards at the discretion of the team.
• Option 3: Sell the SOLID/oxSOLID LP to conduct a treasury buyback of OXD v2 and leave the USDC/FRAX LP in the treasury to fund the continued development of 0xDAO (including compensation for bug bounties and any new features or products) and the broader ecosystem.
• Option 4: Continue with the previously stated plan (https://medium.com/@0xdao/0xdao-v2-final-preparations-1ddd0320f60e) of distributing funds to OXDv1 burners as oxSOLID.

Note: For options 1, 2, & 3, any bought-back OXD would be used for the single purpose of voting and accumulating protocol-controlled voting power. None of the OXD would be used for compensation or payment. If option 1, 2, or 3 are adopted, this proposal will leave the assets outlined above in treasury control, rather than using them to purchase oxSOLID to distribute to OXD v1 burners, as previously stated (https://medium.com/@0xdao/0xdao-v2-final-preparations-1ddd0320f60e).

Motivation

The motivation for this proposal is to ensure that 0xDAO controls a significant portion of vlOXD to continue to vote for our native pairs (SOLID/oxSOLID and wFTM/OXD) and other strategic pairs that support the health of 0xDAO. By increasing our protocol-controlled voting power, 0xDAO can help protect itself against malicious actions, ensure the long-term liquidity of ecosystem pairs, and incentivize new pairs for partners.