VIP 11 - Partner With Olympus Pro For Protocol Owned Liquidity, SEX and SOLID Bonds

https://github.com/ve-DAO/governance/blob/main/VIP11.md

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vip: VIP11
title: "Partner With Olympus Pro For Protocol Owned Liquidity, SEX and SOLID Bonds"
status: WIP
author: nickbtts [multisig signer]
sponsors/seconders: Core 
discussions-to: [Discourse](https://forum.vedao.io/t/proposal-vip11-partner-with-olympus-pro-for-protocol-owned-liquidity-sex-and-solid-bonds/178)

created: Mon 28th Feb 2022

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Simple Summary

Partner with Olympus Pro to offer WeVE bonds, in order for the treasury to acquire liquidity (WeVE><USDC), SEX and SOLID tokens.

Motivation & Rationale

Bonds allow the treasury to exchange WeVE for other assets without market selling. This proposal suggests that the DAO offer bonds for the purposes of acquiring

• LP tokens. This will allow a base floor of liquidity and also allow the treasury to potentially earn from gauge emissions and fees.
• SEX tokens. SEX is the native voting token of Solidex, controlling underlying SOLID. Additional SEX will allow veDAO to direct further emissions and compound faster.
• SOLID tokens. SOLID can be votelocked and then used to vote, or exchanged for top layer tokens such SOLIDsex or oxSOLID.

Specification

Bond Amounts

• Total of 20% of ecosystem fund allocated to bonds - 18,776,754 WeVE.
• 14,000,000 WeVE allocated to WeVE<>USDC bonds.
• 3,000,000 WeVE allocated to SEX bonds.
• 1,776,754 WeVE allocated to SOLID bonds.

Implementation

Tech will be provided by Olympus Pro. This will attract a 3.3% fee.