PSP-IPΔ15 - Olympus Pro Pilot for POL

Voting ended almost 4 years agoSucceeded

Following the governance discussion regarding the initiation of an Olympus Pro Pilot Program this Proposal is being put up to vote to fulfill the following objectives: Increase Protocol Owned Liquidity by issuing wETH Bonds using 1M PSP from the PSP POL Budget. In the future this wETH reserve will be paired with PSP to Increase Liquidity.

We hereby submit the execution of the Allocation of 1,000,000 PSP into the OHM Pro PSP Pilot Program to a vote. PSP-IPΔ15 funding would be sourced from the PSP POL Budget.

The Proposal can be found here: https://gov.paraswap.network/t/psp-ip-15-olympus-pro-pilot-for-protocol-owned-liquidity/736 The 2022 DAO Budget (Revised) can be found here: https://gov.paraswap.network/t/psp-bp-1-paraswap-dao-budget-for-2022/614/11

Off-Chain Vote

For - Allocate 1M PSP to OHM Pro

5.8M 96.8%

Against

103.04K 1.7%

Abstain

88.04K 1.5%

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Timeline

Mar 24, 2022Proposal created

Mar 24, 2022Proposal vote started

Mar 28, 2022Proposal vote ended

Mar 15, 2024Proposal updated