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Unslashed FinanceUnslashed Financeby0x13089220cd2a3e4A49f253BdC03Ab2E110cDCa5e0x1308…Ca5e

Olympus Pro Bonds Final Push (v2)

Voting ended almost 4 years agoSucceeded

The last two Olympus Pro proposals can be found here: https://snapshot.org/#/unslashed.eth/proposal/QmRFs5xPWzqu3U6tkwyPNyyPJickZ42PKuZf74LFGyyZC6 and https://snapshot.org/#/unslashed.eth/proposal/0x1369534fee78db5fe19a36403e78bd4c3cf5c8321209a4eba75bcfaaa0fc134e.

Now that the trial has ended in a success with 100% of the bonds being sold out, and the community agreeing that USF should continue Olympus Pro for another round, its time to extend this program for a longer period of time since USF now owns ~15% of the ETH/USF pool on Uniswap. Since the original bond program was 500k USF for 1 month which resulted in getting ~15% of the uniswap LP’s, I am proposing we sprint towards our original goal of getting greater than 50% of the LP pool into the hands of the Unslashed DAO before we permanently turn off LP emissions. To accomplish this, I am suggesting the following.

1.5m USF available for bonding, which if we sell out again, will put ~45% of the LP pool into the hands of the Unslashed DAO, combined with the 15% we already own puts us at 60% in total.

With the above said, we can also discuss vesting. Pros and Cons discussed here including input from the Olympus Pro team: https://discord.com/channels/787755791289417758/919937771571904522/931945268453183538 and it was also discussed on the forum recently as well here: https://forum.unslashed.finance/t/olympus-pro-bonds-final-push/224

One last note. All choices below automatically include 1.5m USF total for usage within the 2 month period and the continued disabling of LP rewards while Olympus Pro bonds are active.

Choice 1) Remain with 7 day vesting

Choice 2) Change to 10 day vesting

Choice 3) Change to 12 day vesting

Off-Chain Vote

7 day vesting
1.71M 77.4%
10 day vesting
0 0%
12 day vesting
497.79K 22.6%
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Timeline

Feb 07, 2022Proposal created
Feb 07, 2022Proposal vote started
Feb 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated