Olympus Pro (Arbitrum)

Abstract

Increasing Protocol Liquidity, via PCV, is an incredibly important necessity for increasing utility and value for Premia. More liquidity is required for CEX listings, Chainlink oracles, etc. It also helps absorb volatility and also earns revenue through LP fees.

This proposal is to start another set of Olympus Pro (OP) bonds for the community to sell liquidity at a premium to Premia, who will pay for the liquidity with Premia tokens.

The voting options will be to use OP to gain PCV in liquidity for Arbitrum. It will also have options for using the ETH treasury, and minting more tokens, to add liquidity without paying Olympus DAO and the premia community for it. There will be a NO option as well.

EMISSIONS: The amount of money used will be 250k notational value, depending on vote - i.e. if ETH is used from the treasury. About 100k premia tokens will be used if purchasing liquidity from the Olympus (Ohm Pro) Bond market. Or, if single-side entering the LP, the ETH or Premia will be bought so that about 50k Premia and the equivalent in ETH are used. The actual amount will vary slightly given market conditions.

VOTING OPTIONS:

1. use ohm pro on arbitrum, 250k usd notational of premia to start
2. use treasury eth + devFund premia, in a 50/50 ratio worth 250k usd notational, and directly create liquidity. no market operations.
3. single side enter LP with ETH (market buy premia into LP)
4. single side enter LP with premia (market sell premia into LP)
5. do nothing