OIP-122 MahaDAO Collaboration and Flex Loans Whitelisting
The OlympusDAO community has always been excited about creating a better global reserve currency that can be used in many different settings. MahaDAO is a project looking to create a decentralized economy that is powered by the people, for the people.
In this proposal we’d like to introduce the MahaDAO project to OHMies, introduce many different avenues of contribution that MahaDAO can perform for the OlympusDAO community and whitelist the MAHA contracts for Flex loans.
What is MahaDAO?
We are a stablecoin project that is looking to create a decentralized economy. We do this by having two tokens ARTH and MAHA. MAHA is the governance and utility token that regulates the ARTH valuecoin. ARTH is a valuecoin that is designed to preserve your purchasing power against inflation.
MahaDAO community envisions a shared passion for creating a decentralized economy with an emphasis on marching toward financial liberty together.
About the ARTH Token
ARTH is an over collateralized stablecoin pegged to ETH's upwards price movement. ARTH appreciates whenever ETH appreciates against the US dollar and stabilizes whenever the price drops. Hence, making it the world's first self-appreciating stablecoin, a valuecoin.
Our gift to the OHMies <3
We are excited to share that the MahaDAO will introduce a couple of attractive yield programs for the wonderful OHMies out there 🙂
OHM/ARTH-Crv gauge for MAHA rewards: MahaDAO has its own gauge system similar to veCurve/veBal that allows for LP to earn MAHA rewards based on votes received by MAHA stakers. With a OHM/ARTH LP (on Curve) gauge, we will start promoting liquidity with the help of MAHA and further cementing OHM’s position as a global reserve currency for the MAHA community.
Listing of OHM/ETH, OHM/ARTH and OHM as collateral for our lending protocol. MahaDAO has it’s own lending protocol MahaLend that is due to launch in the month of Oct/Nov. This lending protocol will accept OHM and OHM-LP tokens as collateral allowing ohmies to leverage on their OHM position and farm more rewards!
Convert some of the MAHA treasury into OHM and stake it for gOHM: We will look to convert a part of MAHA’s treasury into OHM and actively stake and participate in OlympusDAO’s governance.
Whitelist OHMies for some exclusive ETH farms: MahaDAO is currently working on some exclusive ETH farms that will receive more MAHA than what is currently offered in the public. We will take a snapshot and whitelist loyal OHMies to this program 🙂
AMAs & Cross-promotions: We will actively engage both communities, MahaDAO and the OHMies in AMAs, and Twitter spaces, and getting the word out.
Particulars
As a request for this proposal, we’d like to whitelist the MahaDAO treasury address, MahaDAO’s gOHM staking contract and the MahaDAO deployer for the use of flex loans.
LTV: 100%
Interest Rate: 0%
Debt Limit: 50,000 OHM (roughly 500k$)
We are excited to make some magic happen within the crypto space and we’d like to invite the OHMies in this journey 🙂
