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  • Request for comment: Klima X Olympus

Let's go ! Happy to see a great (3,3) proposal

Love this idea!

Ohmies <3 Klimates

Brian33 terrific proposal Brian. Love the vision behind this and the thought you put in articulating it. LFG!

    Zeus say no more fam, we make this happen

      Great to see this being formalized. Olympus + Klima have very strong synergies. Eventually it would be great to see Ohm accumulating Klima into it's risk asset backing - I'm sure this is on everyone's radar but it's still a bit early to propose it formally. Klima in the Ohm backing would provide us a reserve currency with a positive carbon impact, and exposure to significant upside if the price of carbon offsets continue to rise as many experts are expecting.

      (3,3) + (🌲,🌲)

      Thanks for the alpha, transparency, and setting the example for the others to follow! 🙏

      Everyone keeps asking for liquidty for bootstrapping, and its kind of silly.

      wsKlima and gOhm are terrible pool options because of how rebasing works. They constantly change in value and it is extraordinarily complicated to compute value against two separate rebasing tokens at the same. It is just too confusing.

      I'm saying this as a participant in both Olympus and Klima, this pool does not make any sense. A BCT/gOhm, or a KLIMA/gOhm pool would make more sense, and even then, I don't believe any Olympus assets should directly be applied to it from the DAO. We should focus on expanding the Olympus reach to Polygon organically, and the rebase/rebase of the proposal doesn't do that.

        You have my support ser, a great idea.

        Iceman individually, they are not the best because of the constant IL pressure from rebasing, I agree. By pairing them together, we can minimize the IL that occurs on a rebase. A KLIMA/gOHM would experience 1.2% dilution, but a wsKLIMA/gOHM would only experience 0.45% dilution daily (reduced down to 0.3% after our reward reduction).

        Additionally, because a) the majority of the wsKLIMA/gOHM will be farmed by KLIMA, and b) it is permanent liquidity and will not need to be incentivized in the future, Olympus gets a better deal per dollar allocated.

        Lastly, this doesn't mean that all the polygon Proteus rewards is given to that pool, we'll work with Olympus so both sides get a good deal.

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