TAP-17 Aura Acquisition
Summary
Acquire $1M worth of AURA tokens over the next 6 months for strategic purposes and fund this with the sale of accrued Convex rewards and recently unlocked CVX.
Background
A few months ago, Olympus community had identified & whitelisted AURA & veBAL tokens as strategic assets for multiple reasons outlined in the referenced proposal (OIP-110). As some yet-to-be unveiled projects undertaken by the DAO are coming to fruition, gaining governance power over the Balancer ecosystem becomes one of the strategic priorities for the Olympus Treasury.
Motivation
As mentioned in the whitelist proposal, acquiring AURA tokens offers Olympus Treasury the flexibility to accomplish multiple different goals such as:
Drive third party liquidity to Olympus pools
Incentivize new Olympus liquidity products and partnerships
Voting for protocol-owned pools and farm rewards
Gain governance influence over the Balancer ecosystem
Execution
Olympus DAO is committing to buy the equivalent of $1M worth of AURA over the next 6 months.
The total acquisition would be funded through the Convex ecosystem rewards accumulated over the past few months ($300k) as well as the recently unlocked CVX. The remaining CVX position would then be relocked.
Voting
For: Acquire $1m AURA Against: Do Nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xca6a...62932A | 12,011 | For |
 0x721C...624630 | 8,923 | For |
 0xD347...D08137 | 8,888 | For |
 0x3213...bC3a3E | 2,907 | For |
 0x7672...a7e10E | 2,613 | For |
VOTE POWER
Proposal Status
- Tue January 10 2023, 05:51 pmVoting Period Starts
- Fri January 13 2023, 06:00 pmEnd Voting Period
Current Results
1-For
59,667.916
2-Against
299.743