Suggestion #1: Capacity sizing
Suggest to determine market capacity not in terms of absolutes but rather relatives (or mix of both). Meaning the capacity proposal says like “$1.67m” currently. But there should be a limit such as “max 0.5% of liquid backing to be offered per week”.
Suggestion #2: Dashboard
Suggest to remove the greeting screen on “OHM Backing” on the Olympus Dashboard. This is a depressive greeting. Whether OHM or gOHM – its always gonna be pretty depressive. What IB should help with though is that IB really entices sellers to offload at about 20% premium while advertised as 0.8% discount. This gain for the protocol should be the greeting screen. Meaning a greeting screen such as “Market Value per OHM or gOHM” should trend upwards much easier than “Liquid Backing per OHM”. Thats the essence of IB, and should be visualized as a more optimistic greeting screen; getting peeps to offload at LB/unit while visualizing MV/unit. The larger the true gap between LB (or actually, the effective bond price) and MV the better.
Suggestion #3: Dashboard
If you don’t want to do suggestion #2, then remove the half of LP’s still included in liquid backing. This value drops together with OHM price and puts a depressing slant on the liquid backing value despite IB working to increase total backing/unit.
Suggestion #4: Definitions
Use easily verifiable denominators.
“Floating” supply is a furbished or cooked number. It adds “trust” into the valuation process. Not good. Do not fall for temptation to cook data. Use verifiable total supply. It is what it is.
Same goes for “gOHM supply”, which is a derivative value. Use “OHM supply”.
Do burn and re-mint-- because it cleans up your house – do not just subjectively reclassify it as “out of circulation” when you can anytime bring it back to circulation. Trustless matters.
Suggestion #5: Definitions
Be conservative with the valuation of non-liquid backing assets. And be clear with how the valuation is determined and when/how it is to be revaluated. The “vesting assets” (pKLIMA, pBTRFLY and what not) valuation seems to have been stuck for a while at $32.5m despite the general market tanking.
