TheThorLady
This is an phenomenal proposal to expand olympus dao's treasury, consolidate more market share, and assure greater resilience through diversification.
-To be able to move freely from Btc, Xmr, or Bnb to Ohm without passing through Usd-pegged stablecoins is in itself a winning move.
-And to earn yield on a Rune-Ohm liquidity pool will most likely be amazing. Imagine all the other ecosystems being able to invest in ohm without converting through centralized exchanges.
-One question, will the Nine Realms Olympus pool be 2M usd in Rune (320000 Rune) & 2M usd in OHM (4600 Ohm).
And if Nine Realms finances the rune portion of the liquidity pool, this means they will take 50% of the liquidity yield?
On the question of multisig accounts to secure the liquidity pool, this seems like the right way to go. 3 wallets or 5 wallets, I can see why requiring three signatures of five for any action would be more secure.
But when and if in the future olympus evolves into a true dao, we will need to resolve how to organize wallet custodianship, and not just for the thorchain pool.
Onwards and Upwards,
Fulano (Α, Ω)
ps- I've heard that once Thorchain is completely up and running, they anticipate being able to offer 23% yield on btc.
So we might eventually consider placing some of the olympus btc treasury reserves on thorchain as well.
"23% APY (fees only) yield for L1 Bitcoin #BTC
Seems legit.
$RUNE" (@thorchain, on april 18th)