Mark11 Hey - so we haven't been super open about a lot of the BarnBridge V2 stuff until it launches but I've been working with members of the Olympus team on things from mechanism design to some of the new proxy/governance stuff we have in place.
However, we are close enough I think this document can walk everyone through what we are doing.
We are about to launch BarnBridge V2 and it's somewhat mimicked off bonding without rebasing in order to bring stablecoins into our treasury for protocol owned deployable assets. But basically the concept of POL <- this is what Olympus innovated THE MOST on imo. AAVE sort of collateralizes their treasury via AAVENOMICS which haven't been testing. Everyone else is using VE which is a 3 year (minimum) can kick. I've actually been a vocal proponent of Olympus even in the downturn because I think Olympus actually worked where other mechanisms are untested and failed. However, we don't intend to compete with Olympus as a store of value. Instead we are working to bring liquidity into our system to act as the LP side in our own products (providing a fixed rate of return to the other side).
Because we got behind Olympus's mechanisms instead of moving to VE like the rest of the industry, we'll continually be more aligned going forward in how we interoperate. The main 3 protocols BarnBridge has worked to align with over the past year has been: Olympus, Synthetix (on Optimism), and AAVE. So you're a major part of our plans going forward. I originally helped back in the day to work on the range bound bonds Olympus is doing with the concept that they could be way more capital efficient. Further, our governance systems will be extremely similar to what is currently being audited at Code4rena.
Tldr: we bond for POL so we can act as the LP and can turn ANY variable rate into a fixed income rate. We basically came up with a concept called "earned yield" and we do a multiunit/clearing house auction to basically allow people to bid on the already earned yield (hence creating a snapshot fixed rate). This at least explains some of the inspiration since a bit of it came from Olympus.
My thought on how we align longer term is that we will want to collateralize some of our treasury to actually create staking pools for Ohmies using BarnBridge v2. We can ultimately take and variable yield stream and turn it into a fixed yield stream (which can help users line up loans for repayment).
However, to start, we want to utilize OHM as a swap pairing for BOND on main net. So we would ultimately get the gOHM and then borrow OHM against it to pair with BOND to ensure liquidity on main net after our incentivized pools end and we open new pools on Optimism as well.
I'm not sure if I hit this question head on or if I am rambling but I can clarify anything (instead of risking being too long winded).