• Proposal
  • OIP46 - Implement [REDACTED] as an Olympus Branch

This is gonna be so dope. Let’s do this!

Redacted team is extremely competent and their values are clearly aligned with the best interests of Olympus. It would be foolish to turn down this proposal and force innovation to go elsewhere. Collaboration should be one of the core tenets of DeFi.

This is a thoughtful proposal and very delicately handled in the face of all the 'fork' animus from certain segments of the community.

Very glad to see projects building on the vision of OlympusDAO and collaborating with stakeholders to find a common vision.

Glad to support this effort 👍

I think this would be a great proposal to support. We aim to gain significantly from this transaction, and I think it will help expand the Olympus ecosystem. The fact that 0xSami is going above and beyond to ensure great relations with Olympus gives me confidence to support his project.

0xSami 20% of pBTRFLY supply (20 million) with a 10% supply share

Olympus receives majority of pBTRFLY supply-share where the team only has 9% supply share.

OlympusDAO will further receive a fee on all revenue post-launch, including a 5% fee on $BTRFLY and 5% fee on the revenue generated from external tokens bonded.

Expand Olympus community and liquidity reach to new markets such as Convex, Curve, Frax, and Tokemak

Proposals with communities like FRAX to use [REDACTED] to further grow their on-chain relationship with Olympus have already begun

Increased utility to $OHM and $gOHM token through creating new bonding applications through [REDACTED]. This includes bonding for $gOHM and making the protocols base pair $BTRFLY/$OHM

Funneling a diverse community of over 5000 directly into Olympus stakeholders

Help build and bootstrap the launch of oUSD and its relevant Curve LPs through BTRFLY bonding

Let Olympus focus on risk-free value while [REDACTED] branches into more strategic, volatile assets

Help introduce more use-cases to the Olympus ecosystem including UMA KPI options and Visor Uni V3 LPs

Route 20% of bribe capital (for Tokemak, Convex, and FRAX) from external protocols directly into the Olympus treasury. Other 80% goes towards people staking $BTRFLY

Work directly with Olympus policy team and Tetranode to utilize governance power accumulated in the protocol to bolster future Olympus ecosystem building efforts

so many integrations here, I see little to no downside, if redacted achieves their goals 🙂

This a mutually beneficial proposal that seems to potentially grant immense benefits for Olympus. Although I'd like to note that Olympus shouldn't focus entirely on risk-free value. BTRFLY feels like it could set a strong precedent for forks that'll allow Olympus to grow.

0xSami thank you for the effort and transparency. I support this proposal and wish you the very best.

[REDACTED] going above and beyond to add value back to big daddy ohm, both from a financial as well as a vibes perspective.

If this isn’t exactly the kind of partnership we’re looking for, then I don’t know what is.

Let’s do it 🤝

[REDACTED] butterfly effect comin through to add value for all the Ohmies. Win win.

Has there been any discussion with Tetra? If so, where does he stand? Also, will V2 contracts be used? Lots of synergies here and just want to we go forward on a unified front.

Love the concept of an Olympus 'special forces' going out and operating in the Curve Wars to bring the W home for Ω. Ohm wins by having a new rev stream, significant ownership/governance, and most significantly bonding ohm (like rome) advancing the goal of Ohm's status as the reserve currency.

Additionally, Olympus gains an active and self-funded DAO working at no cost on our behalf alongside Tetranode to accumulate greater governance control and steer the ecosystem in the direction we desire.

0xSami I am wondering as an sOHM holder, will we get an airdrop? Or does the pBTRFLY all go into the Olympus Treasury?

My interest is in the relationship between the Olympus Treasury Holding many one sided assets (wETH LUSD DAI) outside of Liquidity Pools that really don't actually benefit sOHM holders. As it does nothing to support the OHM price or increase the on chain Market Cap.

Thank you Fren

Going through the gauntlet of community governance is tough 0xSami - well done on doing it with such grace!

You have my support