Very promising, very smart people behind this
Support [REDACTED] As An Olympus Branch
I fully support protocols that want to branch off with us, I think Olympus can utilize both [REDACTED] and CVX bonds to acquire governance power!
I am bullish on OHM, CRV and CVX. I'm excited to see what [REDACTED] brings to the table.
amazing concept
Not just another copy-paste of OHM claiming to be a reserve currency, [REDACTED] is using POL mechanics in a new direction. CRV is the big part of Defi and bringing more decentralization to governance is a prime need, OHM and [REDACTED] should join hands to achieve this.
The team is good , actively working on the project. I believe to the best of my knowledge so far , the team has good intentions to create an awesome product.
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Thanks for proposing this 0xSami - I have thought a lot about integrating these types of mechanics to Olympus itself. I can see the benefit of a fly wheel to bootstrap with a new token - especially if Olympus is a big player - I wonder if Olympus could provide a lot more resources to guarantee the success of the protocol in return for a higher share pBTRFLY - this could be the start of something much bigger
this cleared up a lot!
really appreciate the write up
this is such a gem
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?
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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 …
So down for this!
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.
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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.