Open an OHM-ETH Pool on Uniswap
Summary: Several community members have brought up the idea of an OHM-ETH pool. They would like to provide liquidity for OHM, but they also don’t want to lose exposure to ETH. This proposal suggests that we create an OHM-ETH pair and incentivize it with 0.01 OHM per block, and reduce current LP incentives on OHM-DAI to 0.01 OHM per block.
Background: Many believe that it would be easier for us to build liquidity with an ETH pair. This makes sense; few here are likely holding DAI on a regular basis. An ETH pair could allow us to build deeper liquidity by offering an alternative for LPs. Additionally, by adding this pool on Uniswap, we can reach a significant number of new traders and LPs.
Abstract: It may be worthwhile to divert additional resources toward this OHM-ETH pairing. Reducing pool 2 rewards for OHM-DAI from 0.0135 OHM/block to 0.01 OHM/block, and adding new pool 2 rewards for OHM-ETH for 0.01 OHM/block, would help conserve our resources and the majority of our existing liquidity while incentivizing the buildup of new liquidity.
Motivation: To add extra options for prospective LPs with an ETH pairing and broaden our addressable market with a listing on Uniswap.
Concerns: Arbitrage created by an ETH pair versus a DAI pair.
For:
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Add the OHM-ETH pair with 0.01 OHM/block incentives and reduce the OHM-DAI pair to 0.01 OHM/block
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Add the OHM-ETH pair with 0.01 OHM/block incentives and keep OHM-DAI incentives as is.
Against: 3. Do not add an OHM-ETH pair, keep incentives as is.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1512...10e684 | 2,661 | |
 0x1344...Aa65FA | 1,762 | |
 0x971A...9B2171 | 925 | |
 0x8dA0...1C1CC5 | 702 | |
 0xe6a6...67fB39 | 652 |
VOTE POWER
Proposal Status
- Sun April 04 2021, 04:00 pmVoting Period Starts
- Tue April 06 2021, 04:00 pmEnd Voting Period
Current Results
1-Add OHM/ETH pair, adjust rewards
177.544
2-Do not add OHM/ETH pair
165.463