Summary: Reorganize mainnet and cross chain POL.
Background: Olympus currently has primary protocol-owned liquidity on mainnet, with smaller pools on Base and Arbitrum. The pools are all full-range OHM-ETH pairs, with $6m on mainnet, $340k on Base and $315k on Arbitrum. There is also an OHM-sUSDS pool on mainnet that spans ~$23.5-$58 with 330k OHM.
Proposal: Make the following changes to protocol-owned liquidity:
Arbitrum:
No change.
Mainnet:
Change sUSDS pool's OHM side to be 750k OHM from 23.5 to infinity.
Change sUSDS pool's sUSDS side to include $2.5m from $15.5-23, added in $250k chunks on $0.75 ranges (ie $17-$17.75). sUSDS liquidity is only to be added single-sided (ie price must be >18.5 to add the 17.75-18.5 range).
Base:
Remove OHM-ETH pool.
Add OHM-sUSDS pool with 100k OHM and whatever amount of sUSDS for 12-infinity pool (currently ~$500k).
Solana:
Add OHM-USDC pool with 100k OHM and whatever amount of USDC for 12-infinity pool (currently ~$500k).
End State: OHM-Stablecoin liquidity in 12-infinity range across chains amounts to ~$3.3m and 0.95m OHM. Additional OHM-ETH liquidity in 0-infinity range across chains amounts to 910E (~$3m) and 150k OHM. Total depth equivalent to a full-range pool with 7% supply.
Motivation: Deepen POL to better accomodate the emissions manager, and expand access to OHM by increasing weight of cross-chain pools.
Post-Note: Origami's hOHM should further expand access, and drive activity onto these pools. Berachain-specific discussion should occur once a launch date is set.
Poll:
- Proceeding, with this configuration.
- Proceeding, with a different configuration.
- Not proceeding.
