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.
OIP-6: Wrapped OHM and Improved Staking
Can't we have the staked ohm also be wOhm? starting to have too many tokens. aOhm, pOhm, sOhm, wOhm, Ohm...
less gooo
the keeper should keep
- Edited
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
I am really excited for this.
If you wrap sOHM, woll the wOHM quantity increase on each rebase like sOHM?
DINO TA agrees, this is good
https://tenor.com/view/yee-yeedinasour-dinasour-gif-4930781
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
For it! First option!!
I vote for what the smart people want
This is so exciting!
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.
Love this idea especially as suggested with V2 we get a taste of the fuse pool in rari.
Cheers lads.
Zeus can we just name it wsohm instead of wohm , just to make it easier to understand it