OIP-16: Add BTC to the Treasury
Introduce BTC bonds as a way of accumulating BTC for the Treasury, which can be best understood as a strong next step towards a goal of becoming a decentralised currency.
Proposal -Add a new bond type - BTC bonds -Target 5% of Treasury risk free value (RFV) -Example: If Treasury RFV is 19 million, we would aim to accumulate $950,000 of BTC -Aim to reach this target over a period of 45-60 days (bonds are not exact science, so we define a range)
Important Notes -BTC 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 BTC in the treasury. If this proposal passes, you can visualise the new backing of OHM as 1 OHM = $1 + 0.xx BTC (+ a fraction of any other asset we hold in the Treasury)
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9B94...4BE3Be | 5,070 | Do not add BTC to the treasury |
 0xC076...D21d57 | 4,552 | Do not add BTC to the treasury |
 0x01D0...F037BC | 3,168 | Do not add BTC to the treasury |
 0xaB13...FC1c77 | 2,249 | Do not add BTC to the treasury |
 0x9E0e...90141b | 1,933 | Do not add BTC to the treasury |
VOTE POWER
Proposal Status
- Wed July 28 2021, 11:00 amVoting Period Starts
- Sat July 31 2021, 11:00 amEnd Voting Period
Current Results
1-Do not add BTC to the treasury
23,019.83
2-Add BTC to the treasury
2,638.112