Extend Olympus Pro bonding program for three months
We propose to continue the bonding program at Olympus Pro to gain DAO Treasury owned liquidity.
Recall that according to BIP2 and BIP9, we have used bonding program with Olympus Pro for about 3 months. 550k BEETS were used for bonding each month in exchange of A Late Quartet (FTM-USDC-ETH-BTC weighted pool) liquidity.
Currently, the bonding program has gained around 8576 A Late Quartet liquidity token (currently worth $1.12m). In other words, the treasury has gained $1.12m worth of major token liquidity. In exchange, around 1.5M BEETS were distributed (currently worth $1.18m). Overall discount around 4.33% (which includes the 3.3% fee Olympus Pro takes).
Overall, the bonding program has been quite successful in diversifying the treasury assets and also offered discounted BEETS to long term holders. Owning major asset liquidity such as ftm-usdc-eth-btc enables long term prosperity of our treasury.
Thus, we propose to continue the bonding program for another three (3) months. Since the BEETS emission is going down, we propose to use 460k BEETS each month (around 16.4% reduction from the current 550K per month rate).
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xA5d8...44AA40 | 770,274 | Yes, extend the bonding program |
 0x723B...27Cd3E | 765,002 | Yes, extend the bonding program |
 0x1Fd5...38C17c | 640,460 | No, stop the bonding program |
 0x47B0...C6cee7 | 491,220 | Yes, extend the bonding program |
 0x6934...5F39Bc | 468,968 | Yes, extend the bonding program |
VOTE POWER
Proposal Status
- Wed March 30 2022, 06:07 pmVoting Period Starts
- Sat April 02 2022, 06:00 pmEnd Voting Period
Current Results
1-Yes, extend the bonding program
9.77M
2-No, stop the bonding program
1.808M