Can we put OIP-9 back up for vote?

BobbySchmurda

Can we put OIP-9 back up for vote? That was the locking idea @Zeus discussed earlier last year but im sure Ohmies were flying and couldnt see the forest from the trees at that time.

Mugen

You can do anything you want Ohmie.

Make a proposal and put it up here.

I recommend reading the entire thread though. The concerns are still very valid. The objections are that OHM should be tested constantly. Locking is just a Sword of Damocles, delaying the inevitable. Imo it doesn't even help prevent dumping, just happens later.

I think the better path is using bonds to accomplish this.

3 month, 6 month, 1 year etc… terms. This has the added benefit of allowing users out of their position without hurting price. Since v2 bonds can be traded a bonder could sell their bond on a bond market and exit the remaining position without hurting price

BobbySchmurda

Mugen i disagree…. sorry….. When 90% of people lock on all different days it cant have run outs and ohm being released wont all be concentrated to one exact moment. If the unlocking happened to everyone all at once id agree, but it shouldnt. If you lock on wed for a month and me 4 days after for 3 months, we arent getting our money at the same exact moment to dump on everyone. In this case that we have now the tiniest of movements sends us into a tizzy tailspin and we lose 20-25% every other day

electo

A locking mechanism while novel, will not solve all issues and I tend to agree with Mugen here.

The best approach (imo) remains the basics. Bonds, yields & Olympus Pro. They have been extremely positive for growth. Bonds are by far still the best method for Olympus and help diversify the treasury also.

We saw a boom bust cycle. This is normal, just expedited because of how quick Olympus grew. Now we grind and back to basics is best.

We will continue to see downward pressure as some fork DAOs pivot away from OHM, but that is probably bullish in the longer run because that money will eventually return back after having been diluted.

At the reward rate set by the policy team right now, I think we are in an ideal position to grow with a focus on v2 bonds. Lets at least give it a chance before we start throwing in the towel. The basics have worked miracles, still are working everyday, and I see no reason why they would stop working.