Bring on the walls! Well written proposal. For sake of clarity would be good to outline any risks that could come from this migration.
OIP-103 Balancer Migration
That's a great comment not just for this, but for all proposals!
In this case, one main risk is on the user experience side. Migrations always add confusion. We hope doing it in steps, combined with communication is enough. Also doing it in this environment (with low general activity) is better than in the middle of a bull run.
Another one is the increased exposure to ETH. We do cover it in the text above (I hope/think).
Platform risk, also somewhat covered above. Balancer is battle tested, but not the same TVL or time alive as Sushi.
Yes.
Fantastic writeup and also, all the support for outlining potential risks and mitigation strategies. Fantastic work and full support as we move into the next phases of our development.
Curtis here from the Balancer Partnerships Team. Love seeing this proposal go live, we've been chatting with the folks at the DAO for a while about this. There are an insane amount of possibilities for collab here and I'm excited to see the first step go live!
excellent proposal, good strategy and very well documented! Congrazt!!
Awesome proposal, yes from me
This is a very well written proposal and also a good proposal. I agree with most, this is a whole of fame proposal and it would be amazing if future proposal can use this as a template.
Good move. ️
Supportive! Can unlock a lot of yield opportunities with Balancer and supporting protocols like Aura
In favor of the proposal but with lower weight toward ETH in the pool. I believe a 33% weighting will create an adverse degree of correlation that will be harmful to OHM. ETH liquidity only really needs to be enough to allow small orders to trade without multiple hops -- for large orders, it should be ok to require a hop into stables before execution. A pool weight of 0-10% ETH can accomplish this while minimizing pool exposure to another volatile asset.
First, congratulations on all the success. My name is Sam, and I am a co-founder at Manifold Finance. We are providing Sushiswap with a new router which will actually automate recapturing MEV profits via backrunning. This can be arranged so that Olympus would get said profits if trades are routed through it.
Additionally, Sushi is fixing its migrating contract. If you guys need help to do the migration, feel free to reach out to us. We are actually providing a market making bot (at Z's behest), and provide a public RPC endpoint, https://api.securerpc.com/v1 - this provides front running/MEV protection (think of it like an aggregator for flashbots/mining pools) which anyone can use.
Incentives are king, don't think somehow this makes either communities antagonistic towards each other.
My telegram is @sambacha if you need any help!
yes,
I always thought balancer as the more superior treasury/portfolio management tool for DAO's/Funds (Compared to DEXes like sushiswap where the main focus is trading) Has really good integrations with many protocols (like AAVE) and the team has been developing the product as well as new features/partnerships over the last 3 years non-stop...
I believe creating a good relationship with balancer team and having our liquidity on there will be quite beneficial on the long run and we should start doing it asap since the market conditions are ripe for it.
- Edited
Zeus Valid comment. The proposal is to initialize with 25% ETH weighting (not 33%) motivated by the other benefits outlined in the proposal.
The proposal is to initialize the pool with these weights, and allow for adjustment. Are you open to proceed with the proposal as is, and iterate on exact weights over time (potentially during the 10 week migration)?