Pilot Olympus Pro BOND Bonding with 15,000 BOND
Sorry for the title!
DAO member ECAndre started a discussion over the weekend about enrolling BarnBridge in a pilot program for Olympus DAO’s Pro platform:
For those unfamiliar, Olympus Pro is a smart contract stack that makes it possible for a DAO to sell its governance token (in this case, BOND) for shares of secondary liquidity pools (e.g. BOND pool on Uniswap). This allows the DAO to control its governance token’s liquidity to an extent, as it is obviously incentivized to not withdraw its own liquidity.
- You can learn more about OlympusDAO’s bonding mechanism here: https://docs.olympusdao.finance/main/
- You can learn more about the Olympus Pro offering here: https://docs.olympusdao.finance/pro/
ECAndre has proposed 15,000 BOND be allocated over one month to fund such an effort. This 15,000 BOND would need to be targeted at a specific liquidity pool. The two mentioned in the forum discussion are:
- BOND / USDC on Uniswap v2, as this would allow the DAO to farm the hard-coded liquidity mining program and reduce BOND emissions as a result
- BOND / ETH on Sushiswap, as this would create the ETH-denominated liquidity that is lacking currently
The voting options on this poll are to assess:
- Interest in having the pilot
- Target of the pilot
Please bring comments, questions, or concerns to either the linked forum discussion or the #Governance channel in the BarnBridge Discord.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x3279...6F7794 | 36,366 | Yes to BOND / USDC on Uni v2 |
 0xa8bF...219305 | 31,767 | Yes to BOND / USDC on Uni v2 |
 0xE1D3...72D5F7 | 28,097 | Yes to BOND / USDC on Uni v2 |
 0x74c2...E49599 | 19,114 | Yes to BOND / USDC on Uni v2 |
 0x04e3...b07316 | 16,308 | Yes to BOND / USDC on Uni v2 |
VOTE POWER
Proposal Status
- Tue October 12 2021, 09:30 pmVoting Period Starts
- Fri October 15 2021, 09:30 pmEnd Voting Period
Current Results
1-Yes to BOND / USDC on Uni v2
199,802.86
2-Yes to BOND / ETH on Sushiswap
6,637.266
3-No to Olympus Pro
250