OIP-40: Increase ETH allocation target to 33% of Treasury RFV
Proposal
We propose increasing the ETH target to 33% of Treasury RFV (from current 10%). As of today, this would mean accumulating around 50M$ of ETH in total, and this number will increase as Treasury RFV grows. We would follow the same strategy as currently implemented by OIP-28 using a 45-day moving average.
One thing to keep in mind is that Treasury RFV is an extremely conservative metric: At the moment, the market value of our Treasury is $670m, $11m of which are reserve ETH.
Finally, considering this increasing exposure to non-pegged assets, the Policy team is working on a proposal to shift from minting solely against RFV, by also incorporating quality (i.e. censorship-resistant, decentralized) non-pegged assets in the calculations. You can expect more on this soon.
Note: ETH mentioned in this proposal is actually wETH (wrapped ETH).
Additional context, explanation and discussion of this proposal can be found on the forum:
https://forum.olympusdao.finance/d/262-oip-40-increase-eth-allocation-target-to-33-of-treasury-rfv
Vote
For: Increase the ETH target to 33% of Treasury Risk-Free Value
Against: Do nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xaB13...FC1c77 | 7,447 | For |
 0xC71d...3c85b8 | 4,291 | For |
 0x2c96...3AB602 | 3,582 | For |
 0xc929...380324 | 3,474 | For |
 0xa59f...925d1B | 3,420 | For |
VOTE POWER
Proposal Status
- Wed November 03 2021, 01:35 pmVoting Period Starts
- Sat November 06 2021, 01:35 pmEnd Voting Period
Current Results
1-For
80,283.216
2-Against
622.76