Support Ohmieswap

MrMochi

Thank you for your reply. I've not done the math: but does it make sense to take on the overhead of starting a DEX project with how many fees we'd receive extra today? I think in time it absolutely makes sense to look at something like Ohmieswap (from a fee overhead reduction and incentive POV). I feel Ohm needs to become more of a centerpiece of DeFi first before people would use Ohmieswap above Sushiswap. So this proposal for me has two sides

a) Does it make sense do build Ohmieswap now or should we wait?

b) Who is the team that will be building it?

c) Is this not a dangerous precedent towards future partners we'd like to collaborate with? Is that worth it?

111-altrektcrew

MrMochi THIS TBH

akeem

I agree with the concerns that others have posted of this introducing a new vector for systemic risk around partitioning liquidity. There may be a need for an OHM specific AMM, but it feels like a big ask to hand such an important part of the equation to a new team without a discussion around all of the implications

chuckbass

we need more wagmi synergies - this is awesome

Solael

Olympus DEX sure, but another sushi fork, no please.

0xhiatus

I posted this in the ideas channel in the Discord server but reposting here for visibility:

I'm hoping the underlying liquidity pools will stay on SUSHI/UNI and that Ohmieswap just builds on top of that, enabling and incentivizing OHM-based LP pairs to be created and staked on Ohmieswap. I think if you are actually trying to establish your own liquidity pools, Ohmieswap becomes its own AMM DEX which is just adding onto an already diluted landscape of DEXes in DeFi. Even if the innovation is OHM-pairs in this case, with OSX rewards, and xOSX revenue share. I would love to see integration with existing Dexes over domination / competition. Thats what the DeFi 2.0 narrative is all about. Building on top of the ecosystem rather than forking and tweaking.

WillieCrypto

I'm all for innovation but I want to hear from Zeus and Wartull 1st and get their thoughts. At 1st glance this seems like we are becoming like Danielle from TIME and stab anyone in the back in the race to the top when we really don't need to do that at all. DEX sounds interesting but Let's make it out of EXPANSION mode 1st and execute

joejoebiggums

things are starting to feel scammy around here lately

CRIPTOWORLD

Ok ill put it in simple words. OHMfi

da_mo_wang

I agree that by forking sushiswap we have more freedom to adjust fees, route and other parameters. Probably we could collaborate with sushiswap just like how we provide Olympus pro as a service to other projects. In this way they have a stake in us and could provide support to us as well.

collinvk1

Will OHM treasury grow from this as well from swap fees then? Or only the newly created token?

RiceMaximalist

who are the team members leading this? there has been way too many OHM fork rugs recently

Sasp

Can't help but express some concern about how this reflects on our attitudde towards our longest-standing partner, sushiswap.

As we get big enough, are we just going to eat into our partners verticals? OHM-X pools can happen through Sushi and I don't see a need for a separate AMM and token.

RiceMaximalist

Sasp i feel the same way, is there a way to work together with sushi instead of another dex fork?

Another note on leverage: have we so quickly forgotten about 0xbaeb? kek

Wartull

Sasp Can you explain what exactly we get out of the Sushiswap partnership?

papiofficial

ChefOmi ChefOmi sounds too much like Chef Nomi, which scares me in all sorts of unexpected ways.

G_MON33Y

Fully support, wen discord ser

Appleseed

I love the enthusiasm & could see myself getting behind this IF we could do this in a way that didn't create a war with Sushi. I think it would be a stronger proposal if it created/cemented a partnership with sushi in some way similar to how we have been encouraging forks to contribute to the Olympus Ecosystem & own OHM in their treasuries

OberonSky

Very well thought posts voicing concern, I add mine to them. We are better than this, we deserve better than this.

No.

Sasp

Wartull Sushi was one of our very first supporters. They've hosted us several times in their discord for their their open mics/AMAs. They set the precedent that LPs for treasuries still get incentivized (maybe less than individual LPs). There is just general goodwill between the two communities.

This feels like if one of our Olympus Pro partners, after us having supported their launch post-pool2, went ahead and created their own bonding program. Sure, they will gain more, but they'll lose out in goodwill.

Wartull

Sasp

I honestly don't follow this narrative. We bring far more to the table at Sushi than they have ever given us. Two community events do not change that. At certain days we account for almost 50% of the volume and fees, yet we still get a relatively small amount of Sushi in Onsen. Also the previous Onsen increase was because we won a community vote, not out of goodwill.

Iceman

Wartull I consider Onsen a bonus to our amazing project. I don't believe Sushi/Uni provide enough value as a token to replicate them as OSX. Olympus' fees and liquidity are the important part, and Sushi has helped there for visibility for sure.

Plus they put Olympus as a common base, which goes pretty far in my mind.

Sasp

Wartull You're right, at the same time, good relationships can be unbalanced in certain places. It could be a fantastic product, relationships aside

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