OIP-49: Olympus Give Lighthouse Partnership with Gitcoin

Maybe this should be reposted with clarification bolded and option to not have $500k match specifically

As someone who has been here since the start, I don’t understand why we’re turning the DAO of the decentralized reserve currency into a charity giveaway. Feels like the DAO should focus on compensating and retaining DAO talent before turning into a charity where everyone wants to get their hands on treasury funds. I do not support this.

Hello friends. I am in support of this proposal but I see the backlash its getting, so let me explain my reasoning and potential ways forward.

I see why the community might be against the DAO setting a precedent for supporting certain causes. I can see why this might ruffle some feathers, as some of these issues can be "political". If that is the case, then we should have the community decide what causes we should match and for how much.

But is the community against funding Gitcoin, period? I think this would be a worse precedent than just doing the donation. This ecosystem does not run by complete self-interest. So much of the infrastructure and tooling that lets us devs actually learn and develop was funded by generous donors via Gitcoin. To think that we owe nothing back is ridiculous. Even from the most cynical view, donating to Gitcoin is a huge marketing boost for us, and would hopefully encourage other DAOs to do the same. If you agree, then AT THE VERY LEAST you should support donating to tooling, education and infrastructure. Cultivating the ground you tread is not a political stance.

To add on, the creation of Tyche was so that we could allow the community to donate or raise funds for causes they care about. If the community would allow it, I hope we can find some amount that the DAO would match to qualifying causes that the community votes for.

Gonna need to echo the sentiment of most people above in that I am completely against this proposal.

We aren't a charity and this has nothing to do with our mission statement. It's a terrible precedent to set IMO, and the only thing we should incorporate is a way for individuals to allocate their own rewards.

If we want to get involved in something it needs to be directly and mutually beneficial--something like KLIMA bonds where our treasury grows while we show our support. Even then I'm not crazy about it due to their somewhat inflated current valuation, but it's at least something that would deliver returns for ohmies down the road.

Only Gitcoin is deserving of DAO money, imo

Don_G_Lover strongly with agree with the comments @Stefano and @indigo left. I think the biggest issue with the complaints against this proposal are that they're coming from a zero-sum, short-term view. Aside from doing something good, the ROI on attracting attention through two donations that amount to something like 0.02% of DAO funds to a new DeFi primitive we have built out will be massive. The notion that this "has no chance of bringing value back to the DAO" makes no sense. Popularity + Credibility = More Ohmies and a larger protocol, which should always be the long-term goal. Furthermore, 3/5ths of the proposal is literally a proof-of-concept to show the power of Tyche. We get the 375 OHM back after 1 year, and we've shown the kind of value Tyche can bring to projects, thus attracting more partners and more users. Which, yet again, adds value into the Olympus ecosystem. Also, the fervor against this relatively tame proposal kind of invalidates the slippery slope argument. We're looking like we're going to deny a proposal that's mostly a proof-of-concept of our own product and being directed into the Web3 ecosystem, there's no argument for the idea someone's going to get a malicious proposal passed tomorrow.

Don_G_Lover No we are not a charity and can't be throwing money around like this. We are nowhere near established enough for this