- Stop incentivizing gOHM-xyz pools crosschain and scrap the idea of gOHM/xyz LPs in general.
Agree with this. Proteus has shown pretty clearly which chains should be prioritized for a full OHM implementation, once that's ready. I'm in favor of continuing the Proteus wind down, which has already started.
Further, incurDebt and Mint & Sync should both serve to replace the need for outdated and undesirable gOHM/xyz LP's.
That said, you make a point later about how emissions should be opt-in, only going to stakers. This sentiment is in direct conflict with the spirit of incurDebt and M&S, so I wonder if you have thoughts on those systems.
2). While conducting buybacks remove ETH LPs, kill incentivizes for non-stable LP pairings.
On an atomic level, I agree that with arbitrage, a buyback will result in a higher amount of ETH in the LP pool. In reality, it's most efficient to conduct market operations with only one single pool. For various reasons, it's worth the efficiency sacrifice for Olympus to have several pools active even during this time. In particular, the OHM-ETH pool is 2x better per $ TVL at attracting volume (read: potential new Ohmies) than the OHM-DAI pool is. I don't see a need to remove that valuable and efficient LP over concerns of correlations. If ETH price going down really is a huge issue, we should just buy ETH puts or sell ETH calls.
Overall I disagree with your view of how important the OHM-ETH pool plays in the correlation (or not: ETH price is relatively flat since early March, vs OHM at -40%, but I'm just cherry picking data as any quant does). Far stronger market forces are at play: global crises leading the market to risk-off alt tokens, for example.
It's important to note that market operations could become a lot more frequent when ranged stability goes live. Do you suggest we remove the OHM-ETH pool entirely when that happens?
It's funny you mention "you haven't done everything to stop the bleeding" after we've just drastically cut emissions with OIP-93, one of the strongest actions to take during this period.
TL;DR: agree with point 1. But I think there's better solutions to ETH volatility than point 2 provides.