OIP-43: Launch CVX Bonds
Summary
We are seeking approval from the community to begin acquiring CVX as a strategic asset that would:
Help Olympus acquire the liquidity rails needed for Olympus to become the most widely used currency of DeFi
Leverage our CVX allocation to generate better yields on our Treasury assets
Potentially achieve significant exposure and governance over the Curve ecosystem
We propose launching CVX bonds for the DAO to start accumulating CVX.
Motivations
Olympus aims to be the decentralized central bank of DeFi. The accumulation of governance tokens of large DeFi protocols such as the Curve Finance ecosystem would allow us to more efficiently reach this goal. Another key objective is to strengthen the protocol over the long-term. Specifically, we are seeking to acquire strategic assets that will help generate significant non-bond revenue that can be utilized to extend the runway and add to OHM’s RFV and premium. As Olympus matures, both of these goals are becoming increasingly important.
Note: This proposal is time-sensitive. This forum post will be available for the community to comment/provide soft consensus on for 24 hours. Assuming a favorable outcome, a Snapshot vote will be posted and closed within 48 hours.
Proposed Action: Create a CVX Bond program to acquire CVX.
Additional context, explanation and discussion of this proposal can be found on the forum: https://forum.olympusdao.finance/d/325-oip-42-launch-cvx-bonds
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1344...Aa65FA | 56,793 | FOR: Acquire CVX via bonds |
 0x3F3E...7d2D41 | 25,525 | FOR: Acquire CVX via bonds |
 0x9B94...4BE3Be | 11,180 | FOR: Acquire CVX via bonds |
 0x9c50...a5dAC5 | 6,736 | FOR: Acquire CVX via bonds |
 0xA990...De87c7 | 4,452 | FOR: Acquire CVX via bonds |
VOTE POWER
Proposal Status
- Wed November 10 2021, 02:37 amVoting Period Starts
- Fri November 12 2021, 02:37 amEnd Voting Period
Current Results
1-FOR: Acquire CVX via bonds
204,923.885
2-AGAINST: Do not acquire CVX
63.628