SBP2 - Add gOHM-SB LP Mint

Summary

Introduce gOHM (Governance OHM, or wrapped staked OHM) as the next liquidity asset in the form of gOHM-SB liquidity mint.

Motivation

Olympus recently launched gOHM and is assisting its expansion to additional chains by rapidly bootstrapping liquidity by incentivizing pools. Olympus is the most prevalent decentralized reserve currency protocol of the crypto ecosystem's; while Snowbank is a fork that aims to become the Avalanche network's decentralized reserve currency.

As Olympus expands cross-chain, we stand in a great position to take advantage of first-mover advantage to acquire gOHM in our treasury while also establishing gOHM-SB as the dominant pair for trading gOHM on Avalanche. This will help Snowbank gain more exposure, build trust and credibility as a reliable partner for OHM on Avalanche, and help generate trading fees.

Proposal

• Introduce gOHM-SB liquidity mint to diversify the treasury and become the dominant pair for trading gOHM on Avalanche.
• We will target a maximum of 33% of our RFV (risk-free value) to be gOHM-SB liquidity. If we exceed this amount, we will shut off the mints or reevaluate our target, to keep promoting a healthy treasury.

Vote

For: Add gOHM-SB liquidity to the treasury via liquidity mint Against: Don’t add gOHM-SB liquidity to the treasury