Should other stables be added to the treasury?
Given the tumultuous history between Abracadabra and Olympus, is it time to reconsider the relationship between the protocols (not the founders)? Olympus’ future is long term and to be an expansive protocol adapting to fundamental value creation it seems wise to consider other stablecoins for the treasury to open the doors to additional yield opportunities as they expand in the future (e.g Looping MIM and UST through Anchor and Abra for 100+% yield)
Accumulating $UST and $MIM allows for massive yield opportunities on the risk free value of treasury stables, which is an important floor to raise over time as APY slows and the protocols matures into relative stability.
This could be an important step as Olympus now has the treasury means to slowly expand beyond DAI.
Should Olympus accumulate $MIM or $UST?
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8610...430dCA | 1,945 | $UST & $MIM |
 0x6fE3...BE4869 | 1,149 | $UST |
 0xB20C...90AE77 | 725 | $UST & $MIM |
 0x37ee...5b666C | 714 | $UST & $MIM |
 0x4bab...19A553 | 529 | Neither |
VOTE POWER
Proposal Status
- Sun November 21 2021, 11:00 pmVoting Period Starts
- Sun December 05 2021, 11:00 pmEnd Voting Period
Current Results
1-$UST & $MIM
4,874.115
2-$UST
1,288.028
3-Neither
639.677