• General
  • Support [REDACTED] As An Olympus Branch

0xSami ohm3CRV* - Creating a liquid wrapper for the Olympus protocol that mints a gas-efficient, liquid 3CRV. This will be utilized as the opposite token in our protocols Pool2. All fees will be redirected back to the Olympus treasury.

This sounds very cool - could you explain a little more what this means?

    I love this idea . Olympus is becoming a central bank of DeFi and Olympus Pro is becoming a bond market . The next step we need to continue working on these , there re some ideas :

    • Build some financial derivatives based on OHM like Long or short positions .
    • Build some vault based on Olympus pro .
    • Some OHM Folk makes innovative work in other ecologies like Curve , Polkadot or Environmental Protection.
    • Build some NFT or game based on Myths of Ancient Greece

    And so on …

    this is awesome team…. i am sure OHMies would love to back this

    How about branch, twig and leaf……lovin it !!!

    it is a great idea leverage the existing good and improve the weak points

    I'm generally in favor of this, unable to comment on specific parameters rn. Two big brain teams joining forces better than competing, now it's about finding the most mutually beneficial way of teaming up.

    re: UMA KPI Options: cool idea and feels very obvious now, like why haven't we thought about trying this before 🙂

    When is the project supposed to be launched?

    Yup, this looks like the type of project Zeus supports based on what he's said recently.

    Mark11

    Right, so there is an issue in us making the opposite token of our pair 3CRV for gas reasons. Hence, with the proposal of ohm3CRV, we will create a liquid wrapper for 3CRV with a 1:1 peg which is managed by the SubDAO. This allows us to retain the reward benefit and create a new form of PCV which we can then further deposit the collateral on places like Convex to generate more yield. As the policy team of Olympus clearly states they do not want to get into the business of centralized stables, this will be an iniative that we lead and will redirect all fees back to Olympus as a sign of good faith, diversify their revenue streams, help fund their curve iniatives, and to further extend our relationship on-chain.

    would love to see this supported

    this project will be huge, very exciting.

    have been following the project since the very beginning of the creation of the discord.

    The devs are taking the time to move forward step by step for the cleanest possible rendering.

    Everything is well detailed and the documentation is good.

    I really like the idea of taking advantage of the best mechanisms of OHM and Curve.

    I am very confident about the project!

    Love it. And similar to @Brian33 comment, I don't think CVX bonds make this repetitive. Excited to see both come to fruition.

    I have seen many shadows of agreements that I like here. I believe that standing on the shoulders of giants can go further.

    Will [Redacted] need to be whitelisted on Curve to be able to vote?