closedEnded 4 years ago · Snapshot (Offchain)
OIP-36: Add WBTC to the Treasury
By 0x5918...67F641Continue Reading
Summary Introduce WBTC bonds as a way of accumulating wrapped BTC for the Treasury. We see getting Bitcoin exposure, which is still to this day the cryptocurrency market leader, as an important step in our goal of becoming a decentralized reserve currency.
Key Points
- Add a new bond type - WBTC reserve bonds
- Target 3.3% of Treasury risk free value (RFV)
- Aim to reach this target over a period of 60 to 90 days from the start of bonding
- Use a 45 day Moving Average (MA) to calculate the 3.3% of Treasury WBTC target allocation
See full proposal and discussion on the OlympusDAO forum: https://forum.olympusdao.finance/d/176-oip-35-add-wbtc-to-the-treasury
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0Votes 481
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xf5B4...d99A72 | 11,859 | FOR: Create WBTC reserve bond |
 0x10DC...298d78 | 10,587 | FOR: Create WBTC reserve bond |
 0x9B94...4BE3Be | 8,799 | FOR: Create WBTC reserve bond |
 0xaB13...FC1c77 | 6,229 | FOR: Create WBTC reserve bond |
 0x3AEE...188800 | 3,039 | FOR: Create WBTC reserve bond |
VOTE POWER
0
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Proposal Status
- Tue October 19 2021, 04:00 amVoting Period Starts
- Mon October 25 2021, 03:59 amEnd Voting Period
Current Results
1-FOR: Create WBTC reserve bond
95,613.003
2-AGAINST: do not create WBTC bond
25,966.016