TAP 15: Test Bribes Budget
Summary: Authorize OlympusDAO to use a maximum of 100,000 USDC from the Treasury to bribe its Protocol-Owned Pools.
Motivation: Olympus owns almost the entirety of its liquidity which puts the protocol in a good position to profit from token incentives emitted from various DEXes. Generating positive returns on bribes paid out would allow Olympus to generate additional income from its POL and use the proceeds to further reinforce the size of its Treasury.
Specifications: Bribes could be conducted on various platforms (Hidden Hand, Votium etc.). Bribes would mainly be used as a tool to acquire specific strategic assets more efficiently such as $BAL. Due to market volatility, there is always a risk that the value of the token emissions received does not make up for the bribe paid out. Policy will tightly manage this risk by accounting for large drawdowns in token prices when computing bribes profitability. Once the test budget is exhausted and if results are positive, a formal OIP to establish a bribe strategy will have to be approved by the community.
Proposal:
Authorize OlympusDAO to utilize 100,000 USDC from the Treasury to fund bribes for its protocol-owned pools. Once the budget is exhausted, further deployment of Treasury funds would have to be community approved.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xED2A...B6E6D8 | 25,899 | Approve Test Bribe Budget |
 0x5E11...BCEc1d | 24,356 | Approve Test Bribe Budget |
 0x277d...5a54C1 | 13,886 | Approve Test Bribe Budget |
 0xeAbe...DF74c6 | 11,501 | Approve Test Bribe Budget |
 0x6716...3224FF | 9,713 | Approve Test Bribe Budget |
VOTE POWER
Proposal Status
- Mon August 29 2022, 01:25 pmVoting Period Starts
- Thu September 01 2022, 04:00 pmEnd Voting Period
Current Results
1-Approve Test Bribe Budget
161,490.325