Speaking on behalf of the frax community aswell i wholeheartly welcome both working together and think it will push both projects to new highs never seen before

On frax side I will personally rally every member to embrace and work together with ohmies for a better defi future aswell!

  • Graz replied to this.

    Pretty bullish on this. Curious to see if anyone comes up with any Cons as I only see Pros on it's face

    Let's go! Really cool and both will benefit from this 🙂

    I like the idea and think we should partner. Just for clarification how this would work in more depth below a couple of questions.

    • The proposal mentions "The pool would be bootstrapped via dual-incentived LP-staking hosted by FRAX.". Does that mean FRAX pays for everything or where is the OHM in that pool coming from?
    • How big will the initial pool be?
    • We go with Uniswap V2 or V3? If we go with V3 how is that managed since we can chose liquidity curves?
    • Do we already have an idea about the bond parameters in that pool?
    • Since we acquire parts of FRAX LP for our own reserve, what amount of RFV would we consider reasonable?

      never have i ever scrolled down and hit yes before reading.

      Frax team have been amazing since launch and i am ecstatic about the partnership

      xh3b4sd very good questions i hope we get an office hours to discuss your points

      I feel like this project would really benefit from mission, vision and values framework, a risk profile and risk metrics and a strategic plan, so that the reward opportunity tied to risk is known and decisions are less arbitrary ie "do you think this is a good idea?" . What is the payoff of this option and is the upside asymmetric compared to the other options? I would concerned about survival if strategic decisions are only arbitrary. It could be right by luck and circumstance once, twice then crickets and no money.

      Sounds like a really mutually beneficial partnership in the short term.

      What concerns me is that ultimately the goals of OHM and FRAX are very similar, and at some point there is going to be a conflict of interests...

      What are your thoughts on that?

      My only concern would be ensuring that Olympus has completed our own security audits on their contracts by at least 3 different audit companies.

      If, for example, an exploit on Frax was found that allowed an attacked to mint unlimited Frax tokens it would infect us with the attacker dumping them here to mint OHM.

      Do we have a process for vetting the contracts of assets we add to the treasury or are we expecting that they (Frax) will do so solely (which i wouldn't support).

      Also, Frax would have to adopt our security standard (3 auditors aka "The 3,3 Audit Standard") and require any protocols that plug into them cannot be exploited in a way that would infect the whole chain of defi lego pieces.

      This is what happened to Rari Capital and we should learn from it.

        Coud Hi I love your project, the only thing is that when I look at your splash page I get a feeling of motion sickness, maybe slow the animation down a lot?

        For this - love the FRAX team - pipoctopus Lindy is better than audit imo and they have been around since December 2020 - I think there are better ways to limit risk than conducting 3 audits of protocols we integrate with (1 good audit is better than 3 shitty audits) - we could pay for a limited audit of the relevant functions on FRAX

        Jawesome We should have an AMA with Sam or Travis from FRAX - they might be able to put some of the concerns to rest