Support Ohmieswap

Just_GooseGMI

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

SpoiledRoyals

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

Caffeine

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?

111-altrektcrew

MrMochi THIS TBH

111-altrektcrew

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

Uindicator

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 👎🤮

el_dan0

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

OberonSky

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.

cryptocan

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.

Zen_Lite33

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.

rainanav

This is the right direction

Caffeine

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.

Caffeine

cryptocan apart from serious volume on sushi!!!!

Renus

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.

Wartull

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.

cavkie

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.

Drondin

I think the risks here are bigger than the returns… The "code is exactly the same" does not mean it's legit, there are many more thing than code like ownership of the contracts…

On top of that:

- The Olympus treasury has certain assets that are being carefully curated and the % should not be changed.

- Starting a new Pool2 project, when Olympus wants to remove liquidity incentive is an oxymoron.

- You need much more than OHM-X in an AMM to actually be successful, people coming from random coin X to OHM could not use this AAM. The only viable solution would be to integrate with 1Inch and fees would be even higher.

RangeSwap would already cover what Olympus needs without having to fork Sushi/Uni and no LP incentives.

cpt_zeke

To add a little flavour to my "let's go" comment above.

The absolutely most important thing for Olympus long term is Ohm usage outside of the core Olympus protocol functions. When there is external demand for Ohm, the protocol mechanics are really strong. The biggest long term protocol risk is lack of external adoption of Ohm.

The crypto economy is one of the toughest to date. Pace of innovations is insane, and what is new today can be hopelessly outdated six months from now. Olympus must keep innovating.

Olympus has critical mass. If there is a chance of incubating a new AMM with Ohm at the center then there is no reason to not pursue this imho. This is probably the most promising way to scale utility and demand for Ohm quickly.

Also, there are many ideas to further enhance the utility and value of Olympus protocol owned liquidity and treasury assets that requires close contact and aligned development efforts with an AMM.

Remember, this is not an internal Olympus project. I'd say the biggest risk comes from long term governance and not having full control of the project - but this is still a much better situation than with current AMMs.

I'm strongly in favour if risks are mitigated and compartmentalised as much as possible. Olympus must keep innovating and testing new ideas!

MrMochi

cryptocan

You're right, anyone is free to fork whatever they want. But uniswap is still L1 king after all this time and all those forks. The sushi team has grown more experienced since and I'm sure they will still grow. The question is if a Sushi fork with Kitchen truly is enough to displace enough marketshare in the very competitive AMM market? Maybe it is? ChefOmi is free to build.

I think Ohmies have to decide for themselves. Not look onto leadership to come in and tell them to support this proposal or not.

Either way I look forward to more future ideas and projects. Let DeFi fight over Ohm TVD. The more utility the better.

Appleseed

Wartull I definitely did not interpret it the way you are saying (Ohmieswap not being owned or funded by the DAO). Based on 0xMaki's tweet I don't think he interpreted it that way either.

We should more clearly communicate that:
1. This is not the DAO's project & this is not the DAO attempting to eat Sushi's market.
2. The DAO may incubate the project & other projects like it because they're good for the Olympus Ecosystem.
3. If Sushi or any other swap protocol wish to innovate & build cheaper, more efficient products for the Olympus Ecosystem we would incubate/support that too.
4. We owe it to our stakeholders to support innovation within our ecosystem & that's what we're doing.

Maybe there is better wording for the above. My point is bad PR could sink this project. Good PR can make it a success. Let's organize some good PR & let it rip.

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