BeethovenX

We propose to continue the bonding program at Olympus Pro to gain DAO Treasury owned liquidity.

Recall that according to BIP2, we initiate a bonding program with Olympus Pro about 3 weeks ago. 550k BEETS were used for bonding in exchange of A Late Quartet (FTM-USDC-ETH-BTC weighted pool) liquidity.

At the writing of the proposal, the bonding program has gained around 2227 A Late Quartet liquidity token (currently worth around $297K). In other words, the treasury has gained $297K worth of major token liquidity. In exchange, 500k BEETS were distributed (currently worth $400K). Overall discount around 25% (which includes the 3.3% fee Olympus Pro takes). Note that since BEETS has increased in price lately much more in comparison to the Late Quarter BPT, the actual average discount during bonding has been less.

Overall, the pilot program is 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 at the same rate of BEETS supply for another two months. The liquidity token under consideration is either A Late Quartet or Steady Beets, Yearn Boosted.

Voting options:

1. Bonding for two months of A Late Quartet liquidity;
2. Bonding for two months of Steady Beets, Yearn Boosted liquidity;
3. Bonding for one month of A Late Quartet and one month for Steady Beets, Yearn Boosted liquidity;
4. No, do not continue the bonding program.