Hello, I have been following the forum closely but I think now it's the right time to comment.
This proposal needs much more detail and many things in place so any ohm holder in its right mind would support.
- First I can understand the need to go and settle as an entity to launch the Bond protocol, looks promising.
- We understand that a competent, credible team is key for succes and Olympus has a lot of talent
- We understand that if not the right authorization is provided, then the team will just take the open source code, settle it by his own company and fundraise millions over web3 investors
- We also understand that finding a mid position should benefit both sides. Thats is keeping an steady revenue for Olympus and allowing Bonds to become a neutral and central player of the defi ecosystem
- We clearly understand that settling a given fee % for Olympus revenue can go against the market success of the product, since competitors might arise with a lower fee. Flexible fee tier or other revenue proposals might be integrated.
- There are plenty of success startups that never make a penny (called financial engineering), figuring out a revenue proposal means creating something that Olympus can enforce ''on-chain''
- So far I see many comments describing an active ownership of olympus over a legal entity. That clearly can only be executed by a legal person (and olympus as far as I know its not and cannot be a single physical person) or by a legal entity. If Olympus is to hold control over a for profit entity, there is little doubt that a non profit foundation will be needed. There are several precedents out there, like DAI. A foundation could have its board members elected by ohm holders and possibly would need foundation terms acceptable for Olympus to govern it
- As it has been commented and as with other successfull protocols, keeping an open source base and a well known top-star team can lead to long term leadership of the market. However there are possibly many steps that can be taken to make sure IP keeps protected and under the umbrella of an Olympus governed Foundation
So far I see many steps to be done in good faith, which I hope it happens, by Olympus core team, which probably start by setting up a Foundation to govern Olympus best interest when dealing with real world/ownership and IP related details.
This first step guess needs a lot of debate and also funding to get it right.
Once done, possibly a much well defined proposal for the Bond initiative could be raised.
Right now this proposal looks like trying to jump from A to E without passing through B,C, D