MGoPhish I see you clarified long time ohmie and speaking with members of the DAO, so thank you for that. I still hold a lot of reservation until we hear from OHM founders on if they think this is the right move.

    ChefOmi:

    "Trust by association: "we spoke to DAO members"
    Trust the code: "trust me, this is not a rug"

    Okay. Does not sound convincing to me, tbh.

    Happy you're looking into some alternatives that might allow you and your team to build trust in the community. I still don't like the vampire fork idea given the established relationship with Sushi. Risk reward does not seem very good.

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

          You guys are absolutely killing everything you touch. You guys are fast and efficient without compromising quality. What a DAO! Thank you!

          It appears that the voyage to the summit is going to be filled with wonderful moments… Zeus is quite a talented guide.

          Why would this pass?

          This wont be better than Uni or Sushi so are we actually expecting people to move to this over those two excellent platforms?

          It's not time for an ohmieswap via a sushiswap fork, just no, ohm does not do that to partners, I'm not sure if someone just wants to start a rue or make a name for themselves and loot- either way, it's not a good look.
          TL;DR
          frens dont do this to their frens

            111-altrektcrew

            The forkees become the forkers i guess , after all the hoopla about ohm forks and now this . No honor among defi it seems more and more clear, just a bunch degens spinning up more tokens lol 👎🤮

              I was originally against this, but after reading @Wartull and @SateeshK reasoning, I am actually in favor.

              Sushi hasnt done as much for us as many of us seem to think.

              If the core team can confirm its legitimate and vouches for this dev, this would generate a lot of income that would go towards boosting the RFV backing per OHM token (OHM price will go up)

              With that said, maybe it would be a good idea to do this in addition to sushi pools with future liquidity and not remove existing liq from sushi. Maybe it doesnt make sense to do that though because ppl would just keep using sushi. Maybe someone could speak to that

              If the problem with Sushi partnership is that it is unbalanced, then why not have the Partnership Team discuss with them and come to a more balanced relationship. Now that Olympus is established in the DeFi space, we have more clout and leverage to push for a more "Special/Preferred Partner" status.

              Putting effort into that would be easier than the alternative. This will allow us to address one of the major complaints vs. Sushi and afford us time exploring a safer alternatives. If Sushi are not willing to entertain this, then sure, we can discuss the option of the DEX. We owe them at least the chance to respond. More honorable approach.

              Adding to this, the use of the community name "Ohmie" in the swap title, not a fan of this approach… if it is 100% operated and controlled by the DAO possibly, even then I would look for a better name.

              Finally, I do commend ChefOmi's attitude and friendly/calm approach in addressing the concerns and not getting defensive or agitated in their response. That is a positive.

              Are we forgeting Sushi is a fork of Uniswap. This is what happens in this space. There is a better way of doing things and the defi space is better for it. At the end of the day the goal is to build our treasury and we are providing way more value to Sushi than we are getting in return. This is NOT a Daniele Sesta moment. Olympus has not reneged on an arrangement nor promised anything to Sushi. We have simply outgrown them at this point. If the leadership is onboard with this, its a no foooking brainer.

                I like the overall idea of Olympus breaching into the DEX space and also appreciate the enthusiasm, but we should tread carefully. I would have liked to see a write-up with a "yes" or a "no" instead of memes and maybe have the proposal read less like a potential rug pull. I can't speak on the technical portion of this, but I can talk about how it comes off to someone reading about it.

                A word of caution to my fellow Ohmies, don't get blinded by your bags and make sure whatever idea we are putting our name on has the least amount of vectors of potential exploitation. Olympus is just as much of a brand as we are a protocol.

                This is the right direction

                This is a Trojan horse.

                New user enters proposal for product that is on the surface an interesting idea.

                Ohmies naively vote in favour

                Olympus ruins solid relationship with Sushi and product fails or is just not as good. leaving liquidity on a platform that no one uses.

                At best this idea is 2 years premature and not needed for what is still a new project, at worst it kills it.

                i don't agree with this proposal. The savings from having own DEX is negligible.

                Until now we get 13,880,000 in LP fees, so sushiswap gets LP fees around 2,313,333 in fees from the swap. It is only a few hours of revenue from bonding.
                It is not worth the risk to do a DEX which might fail, the risk/rewards are too small.

                I think a lot of people misunderstand the purpose of this post. It would not be something within the DAO nor funded by it. There is no risk to the protocol (unless we deposit LP into it). If it works? Great, we have a great option to deposit LP in. If it fails? Nothing really changes, we would still have all LP on Uni/Sushi. It's a + EV play from the perspective of the DAO. We should support projects that want to build on top of Olympus and use OHM in a key role, especially if we want to become the reserve currency for this industry.

                  I don't feel like there is a need for OHM DEX. Maybe once OHM is established on every other chain (fantom, arbitrum, polygon etc) there might be a need for OHM dex to hop from one chain to the other with 0 slippage. But as of now I personnaly won't use any new just because it's OHM branded.