OIP - 153: Follow-up Vote to OIP-151(Approved) to mint $sTBY

arthyblueberry

Summary

Follow-up Vote to OIP-151(approved) to mint stTBY (snapshot link)

Content:

Key items moving forward:

- Team is working with RedStone and Olympus Devs to solve pricing methodology / liquidity considerations as they relate to RBS parameters

- Launch in February, looking to have an oracle solution completed for an at-launch integration

- The next steps are for the DAO to consider the best amount to mint and the method of SUP distribution

This vote is focused on deciding the right amount of stTBY to mint.

We suggest the following options:

$2M, $5M, $10M, or $15M

As a reminder, the SUP allocation will be determined at a rate of 0.25% supply per $1M minted.

The next vote will cover the distribution mechanism of SUP

Thank you

hodlmao

How much money is left in the Olympus treasury if we'll deduct funds reserved for Cooler, then liquidity etc.?

abipup

Hi,

I don't think anything over 5m works with Cooler stipulations. We need to have 95% of the treasury accessible as sDAI so that the Cooler loans contract doesn't break in worst case scenarios.

I'd propose to change the options to 1, 3, and 5 million DAI

arthyblueberry

abipup

thanks for your suggestion, when gets moved to snapshop we will have options for 1, 3, and 5 million DAI