This proposal is related to OIP-41 - Launch Olympus Incubator program
Motivation
O2DAO would like to bring values to OlypumsDAO by using OHM as our reserve. We believe collaboration takes us further than competition. As a Olypums fork, O2DAO will not try to replace or compete with OHM. Instead, we work together with OHM to build a stronger community. O2DAO is built on top of OlympusDAO to provide better stability and returns to #OHMies.
Proposal
O2DAO is applying a (3,3) business model on Avalanche with OTWO being our native token. In O2DAO, each OTWO will be backed by a treasury which consists OHM. Our goal is to grow together with OlypumsDAO and boost OHM activities cross-chain. We propose:
Finance
to contribute 25% of the DAO reserve as the Cooperative Foundation with OlympusDAO.
to allocate 20% of the Special Foundation for airdrop to the OHM users; 20% donated to OHM DAO; the rest will be decided and voted on by the community
to bring liquidity and usage of (ws)OHM to Aavalanche
that we will be the first protocol to utilize (ws)OHM on Aavalanche
Roadmap of O2DAO
O2DAO will officially launch on Avalanche, which lacked protocols that integrate with the Olypums ecosystem. We will use Trader Joe to deploy our liquidity pool. In addition:
O2DAO has conducted a Twitter poll on deployment networks. Avalanche is our first choice due to its low transaction fee and we will explore opportunities to deploy on other blockchains in the future to reach a wider audience.
O2DAO’s treasury will use (ws)OHM as our backing asset in the treasury initially. We are looking to expand our treasury with other assets in the future to strengthen and stabilize O2DAO.
O2DAO’s vision is all about contributing and integrating with the OlympusDAO ecosystem. We are looking forward to partnering and collabrating with other protocols and creating mutual benefits not only for us, but for all community members.
Supplement: What is O2DAO? And what does O2 try to achieve?
O2DAO is a decentralized treasury-backed currency protocol on Avalanche that is backed by OHM. OTWO is backed by OHM. Inspired by a Zeus’ tweet, O2DAO wants to be the first transparent Olympus fork that works together with OHM instead of fighting over the same reserves/markets. In terms of economic, demands for O2DAO will create demands for Olympus, and vice versa. The treasury will hold and not sell OHM unless absolutely necessary to maintain OTWO's price. This helps stabilize OHM's market.
Everything will be community first. We will follow the original OlypumsDAO's IDO approach as close as possible. #OHMies are stronger together.
Website: https://otwodao.com/
Twitter: https://twitter.com/0xO2DAO
Discord: https://discord.gg/NmTARbbM
