HoweFai the OHM swapped will be used to feed the reactor. It will not be staked into sOHM
if that is correct I can say that it makes sense but I am not really sure if this is the case. Some more clarification maybe?
Baitfish We're holding a growing stack of almost 1mil OHM that needs to be put into good use slowly overtime. DAO swaps are the lowest hanging fruit to get started.
I agree with that as well but atm. we can use that ohm to feed the reactor to earn 200% APY (will go down as we put more in the reactor). I also understand that DAO swaps are a thing we need to be thinking more about but my problem is why do it with the same DAO for the second time? doesn't this give too much power to a single DAO 🤔
fig This ability to point liquidity from Tokemak to OHM can be worth much more than $3MM alone in fees.
Yes the liquidity is really beneficial for us as well as our partners I have no questions about the opportunity and flexibility it gives. But as said before these are all hypothetical points since there is currently no liquidity being directed and no fees being earned, once protocol is activated, time will tell if that is actually the case…
fig How do you decide this amount? Is this data based, or arbitrary, and could it be increased to have greater influence in Tokemak votes?
Good points
Churchee But again it should be pointed out DAO ohm is NOT staked - so utilizing it to gain governance power and some yield pretty sweet yield
true but another way of looking at this is that OHM is currently counted as "circulating supply" or "unstaked". in the case that tokemak stakes it, it will reduce the yields of everyone else who is staking meaning we all will share a percentage of our future gov. power with tokemak do we really want that?…
Churchee whats holding us from capturing some of the toke yield that we'd want to hodl anyway for voting powers?
yes
so in general my question is: is there a better way to get more $TOKE without giving significant governance power to another protocol for second time… because so far it feels like it is more beneficial for tokemak than for us.