Well, sir, there's nothing online
That's merging like the triple halving
L1, decentralized ethereum
What'd I say?
Ethereum
What's it called?
Ethereum
That's right! Ethereum
Buy more eth
Buy more eth
Buy more eth
I hear blockchains waste electricity
It's moving to Proof of stake immediately
Is there a chance the network could fail
Yes but at that point so would everything else
What about us Europoors?
Ethereums crypto winter is no more
Will it bankrupt our treasury
Not if you own your own liquidity
My Phone just died now where's my money
That's why you diversify honey
I swear it's Olympus only choice
Throw up your hands and raise your voice
Ethereum
What's it called?
Ethereum
Once again
Ethereum
But there's a global food shortage due to war
That's what proof of steak is for
Ethereum!
Ethereum!
Ethereum!
Ethereum!
Ether, d'oh!
Simpsons jokes aside, I think the Olympus community is passionate about good decision making. I'm not a policy guy so I don't know if purchasing Eth with stablecoins in the treasury would affect ohm price. But There is a large holding of stablecoins in the treasury. If we can DCA some of the treasury stables into ETH i think that would greatly increase Olympus treasury value over time.
I propose that 1% if OlympusDao treasury current stablecoin holdings are converted immediately at market price for Eth.
I propose that a further 1% of OlympusDao stablecoin treasury holdings are converted into a gohm/Eth lp on arbitrum.
Other thoughts: If the price of Ethereum ever goes below $800, I propose Olympus treasury purchases Ethereum at an additional 2% of current stablecoin treasury holdings.
Link to Monorail song