• Proposal
  • OIP-6: Wrapped OHM and Improved Staking

This proposal makes a lot of sense to me. Anything that can protect the integrity of the pool and prevent abuse should definitely be considered. One rebase cycle is not a big deal.

Can't we have the staked ohm also be wOhm? starting to have too many tokens. aOhm, pOhm, sOhm, wOhm, Ohm...

For some clarity:
Wrap 1 sOHM and I get back 1 wOHM.
1 sOHM = $100 at time of wrapping so wOHM = $100.
Rebases happen and now sOHM is 1.1 and it's equivalent wOHM = $110

Stated another way: wOHM * Current Index = sOHM

    If you wrap sOHM, woll the wOHM quantity increase on each rebase like sOHM?

    JFry4 Are you stating that as fact or inquiring if that is how it would work?

      Anyone have thoughts on whether we should whitelist or blacklist protocols using wOHM?

      Whitelist: a list of allowed recipients of wOHM
      Blacklist: a list of OHM receipients we do not allow

        I vote for what the smart people want

        JFry4 100% vote for a whitelist and here's why:

        If you have a blacklist that means there are some types of dexs, contracts, etc. that you don't want sOHM going into. If that is the case then you will fail to stay ahead of forks of these contracts. Blocking sushiswap and uniswap only to have rugswap pop up in the middle of the night means wrapped sOHM will end up everywhere you were trying to prevent it from being.

          Jawesome Based on this UI - I believe Staking keeps it simple for some newer users and Wrapping is available for advanced users. Fundamentally its all the same, but helpful to have them separated from a UX perspective.

          If a user decides to move from staking to wrapping - we should have some function else they will pay lots of sad gas fees.

            How can we prevent arbitrage? We don’t want a whale to be able to swap from sohm to wohm to ohm to s ohm and keep making small amounts of profit.