(PRE-PROPOSAL POLL) Should Decentraland DAO Participate in Olympus Pro Partner Program?

by 0x76fb13f00cdbdd5eac8e2664cf14be791af87cb0 (Matimio)

This is a Pre-Proposal Poll to gauge community sentiments and determine if there is enough support to move forward with a detailed Draft Proposal. Should this proposal receive 500K in VP, it will be resubmitted as a Draft Proposal.

Question: Should Decentraland DAO participate in the Olympus Pro program? Through Olympus Pro, Decentraland can diversify the treasury, accrue liquidity for key liquidity pairs, and create new revenue streams for the DAO.

Abstract: Olympus Pro is a bonding service which allows partner protocols to acquire liquidity on token pairs (e.g. MANA-ETH) while offering users discounted tokens in return. Olympus Pro has helped over 24 protocols amass over 16M worth of liquidity. One of the primary benefits of the Olympus Pro program is that it can create a new revenue stream for the DAO, by owning MANA-ETH liquidity and starting to capture the trading fees. At the time when this proposal was written, the 24 hour volume on the MANA-ETH pair was $4 million dollars, the DAO sees none of those fees.

Olympus Pro is the partnership program of Olympus DAO. More information on Olympus DAO and the Olympus Pro program can be found at the following links:

https://olympusdao.medium.com/a-beginners-guide-to-navigating-olympus-pro-5b1a9b710075

https://pro.olympusdao.finance/#/bond

• For: Promote poll to create a partnership with Olympus Pro to Draft Proposal Stage
• Against: Do not promote poll to create a partnership with Olympus Pro to Draft Proposal stage
• Invalid question/options

Vote on this proposal on the Decentraland DAO