closedEnded 5 years ago · Snapshot (Offchain)
OIP 24: Add LUSD to the Treasury
By 0x5Ce7...88FF44Continue Reading
Summary
Introduce LUSD as the next stable reserve asset in the form of reserve bonds and an OHM-LUSD pool on Sushi.
Additional context, explanation and discussion of this proposal can be found on the forum: https://forum.olympusdao.finance/d/100-oip-24-add-lusd-to-the-treasury
Proposal
- Introduce LUSD reserve bonds to diversify the treasury and hedge against centralized stablecoin risks. Upper limit of 5% of circulating supply.
- Deploy incentives in the form of $5k worth of LQTY per day (already secured via discussions with Liquity) and $5k worth of OHM per day to an OHM-LUSD pool on Sushi. Incentives will run for 35 days to bootstrap the pool.
- Introduce OHM-LUSD bonds to accumulate ownership of the incentivized liquidity pool
Vote
For: Add LUSD to the Treasury via reserve and liquidity bonds Against: Don’t add LUSD to the Treasury
Connect Wallet to Add Note
0Votes 379
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9B94...4BE3Be | 7,866 | For: Add LUSD to the Treasury |
 0x8e30...9b4000 | 5,316 | For: Add LUSD to the Treasury |
 0x33Ed...D00Acc | 4,232 | For: Add LUSD to the Treasury |
 0xaB13...FC1c77 | 4,199 | For: Add LUSD to the Treasury |
 0xEF34...e4aBB3 | 2,580 | For: Add LUSD to the Treasury |
VOTE POWER
0
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Proposal Status
- Mon September 13 2021, 08:00 pmVoting Period Starts
- Thu September 16 2021, 08:00 pmEnd Voting Period
Current Results
1-For: Add LUSD to the Treasury
92,446.138
2-Against: Don't add LUSD
1,698.205