closedEnded 4 years ago · Snapshot (Offchain)
OIP-44: Approve Lobis as OlympusDAO Governance Arm
By 0x5Ce7...88FF44Continue Reading
Summary
Introduce Lobis as a governance arm of OlympusDAO to acquire a basket of governance tokens via bonding:
- Reserve bonds: user deposits CRV, FXS, etc. to receive LOBI at a discount
- Liquidity bonds: user deposits LOBI/OHM LP tokens to receive LOBI at a discount
- Reserves built through those bond sales enable minting new LOBI which are given to stakers
Additional context, explanation and discussion of this proposal can be found on the forum: https://forum.olympusdao.finance/d/343-introducing-lobis-the-governance-arm-of-olympus-dao
Proposal
Approve terms for Lobis launch including:
- Lobis use of Olympus mechanisms to acquire CRV, FXS, etc. via bonds
- Lobis free loan portion of initial supply of LOBI to OlympusDAO
- OlympusDAO to supply initial liquidity for OHM-LOBI pair using OHM from DAO Treasury, approve up to $5m OHM for initial liquidity
- Lobis to airdrop LOBI to Ohmies via Merkle tree
- Lobis to hard-code 1.1% revenue share of bond sales
Vote
For: Approve terms of Lobis launch Against: Don’t approve terms of Lobis launch
Connect Wallet to Add Note
0Votes 628
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1344...Aa65FA | 60,082 | For: Approve Lobis |
 0x1512...10e684 | 34,758 | For: Approve Lobis |
 0x9B94...4BE3Be | 11,827 | For: Approve Lobis |
 0x2642...9800F9 | 6,716 | For: Approve Lobis |
 0x69Db...5f3980 | 5,923 | For: Approve Lobis |
VOTE POWER
0
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Proposal Status
- Sun November 14 2021, 11:00 pmVoting Period Starts
- Fri November 19 2021, 11:00 pmEnd Voting Period
Current Results
1-For: Approve Lobis
208,943.209
2-Against: Don't approve Lobis
18,962.154