OIP-15: Add ETH to the Treasury
Introduce ETH bonds as a way of accumulating ETH for the Treasury, which we see as the logical next step towards our goal of becoming a decentralized currency.
Proposal -Add a new bond type - ETH bonds -Target 5% of Treasury risk free value (RFV) -Example: If Treasury RFV is 19 million, we would aim to accumulate $950,000 of ETH -Aim to reach this target over a period of 45-60 days (bonds are not exact science, so we define a range)
Important Notes -ETH would be assigned a risk free value of 0, meaning we wouldn’t mint against it -OHM will no longer be backed by just 1 unit of risk free value ($1), but also by the proportional amount of ETH in the treasury. If this proposal passes, you can visualize the new backing of OHM as 1 OHM = $1 + 0.xx ETH (+ a fraction of any other asset we hold in the Treasury)
Additional context, explanation and discussion of this proposal can be found on the forum:
https://forum.olympusdao.finance/d/67-oip-15-add-eth-to-the-treasury
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1344...Aa65FA | 15,531 | $100% for For: Add ETH to our Treasury |
 0x9B94...4BE3Be | 5,023 | $100% for For: Add ETH to our Treasury |
 0xc525...72c43d | 4,740 | $100% for For: Add ETH to our Treasury |
 0xC076...D21d57 | 4,510 | $100% for For: Add ETH to our Treasury |
 0x9E0e...90141b | 3,755 | $100% for For: Add ETH to our Treasury |
VOTE POWER
Proposal Status
- Tue July 27 2021, 02:00 pmVoting Period Starts
- Fri July 30 2021, 02:00 pmEnd Voting Period
Current Results
1-For: Add ETH to our Treasury
118,831.255
2-Against: Don’t add ETH
484.049