I'm not so concerned about the "secret staking" angle.
It's traceable.
Assuming we have a legal front-end that can actually contract with them on centralized terms, it may be easy enough to hold them to that point of the bargain.

    jft well said, I don't see the need of CEX. It will bring a lot of selling pressure.

      This adds NO value to olympus. A zero-interest loan? opening arb opportunity? getting into CEX at this stage? what part of this is valuable to ohm

      gsr_nyc This is totally uncalled for. Listing of CEX is not right. It's a rebasing token and listing it for trading purposes only will bring a lot of sell pressure forcing people who had earlier staked and selling only yields to sell principal and leave. This is a NO. Community take note, this will bring a lot of selling pressure. Anyways, there is a lot of OHM forks once this backfires, many Ohmies will find home in TIME and ROME and those protocols will learn from OHM CEX listing mistake. Some tokens are not meant for CEX. The Proteus cross-chain liquidity is the way to go, whoever wants to get OHM can get it cheaply from AVAX, the only thing the team can do is allow gOHM holders on all chains to be able to vote.

      *CEX offering staking might curtail the imminent selling pressure a little bit.

          Zap

          Ser we are a DAO and have no legal front end. Smart contracts are better forms of agreements, we should use them to hold GSR at penalty if they stake for gOHM.

              muh9s agree What outcome is this treasury allocation driving? This is so opaque. Lots of objection handling but no justification as to why this is being evaluated in the first place.

                KO-XD I'm reading between the lines here. Wartull has mentioned a contract. I can only assume that, despite the philosophical aspirations of being a DAO divorced from tradfi and meatspace, there must be some sort of front end potentially at play here. If not now, inevitably for some other reason, imo.

                    davoice321 very thoughtful post, I absolutely agree that getting listed without proper liquidity provisions can be problematic, as it likely fails to create the conditions for investors to confidently enter the market. Our goal would be to make the centralized listings highly investable. The current Olympus community is about 10,000 strong, but the client base of those exchanges is in the millions, there is simply so much potential benefit for the protocol from broader adoption.

                        EconomistBeard we will use the OHM tokens to populate the offer side of the market but it is our own balance sheet that will be used for the bid side of the market, think of it as GSR putting up the other asset in the Liquidity Pool

                          If this is approved conceptually, I would like to see the option to repay in ETH removed. The loan should be repaid in stablecoins, to continue to build RFV for minting capacity.

                          DefiWolf more centralized exchanges will list OHM, this is independent of this conversation. What we are trying to do is make sure that when those listings happen, the market has a tight bid-offer spread and decent size on both sides. Centralized listings are fantastic marketing opportunities, they will help expend your community in unexpected ways, again millions of crypto users that stand to get exposure to the protocol, it is worth doing it right.
                          I believe the community agrees, because the engagement on this post is amazing!

                              I'm kind of surprised at the pushback on 'no centralized exchanges'. The point of Ohm is to become a reserve currency. This means it needs liquidity not just in defi but in more proper and popular spaces. The value of Ohm is in its ability to achieve stability through treasury growth and staking. Eventually, CEX's will be able to stake Ohm, either by partnering with Olympus, or figuring out how to swap to sOhm some other way.

                              This is one of the most bullish and positive things for Ohm rn.

                                1. Should there be some interest in the repayment option of returning the full 25,000 OHM at the end of 12 months?
                                2. I also don't understand why a centralized exchange listing would increase DEX volume. Can someone hash out that logic? Is it just the increased visibility of the token driving that?
                                3. Will there be any additional fees that the DAO needs to incur to get listed on any particular exchange associated with GSR?
                                4. Is there a list of supported exchanges that GSR will be providing liquidity on?

                                  setting up a use case for tradfi/custodial CEX users with OHM is necessary, and this will bring in more money to keep the protocol expanding. I dont mind the loan, not that big of a deal in the grand scheme of things, never was a fan of hardline slippery slope arguments.

                                  i urge the community to think this through.

                                  -we lend 25'000 ohm againt nothing. we hold no liquid financial instrument from GSR that we can exercise and receive $$$ from within 48h should they not respect their obligations.

                                  -we earn no interest from the loan

                                  -we allow large players to borrow from GSR and short 25'000 ohm, which is approx equivalent to our sushi LP DAILY volume ! (25m$) we give them full control of the price !

                                  -we give them 2 free calls, no obligations to purchase and no minimum witholding period.

                                  what do we gain ? a few CEX listings ? the protocol needs the vast majority of its holders to stake otherwise the mechanic breaks. when you start to have a significant portion of holders who do not stake but trend follow price on CEX with stop loss etc.. we will experience a different price curve than what we have today. when the overall market goes south the selling pressure on ohm will be huge and what will we have gained ? they will return the 25k ohm (if they do) and what exactly will that have accomplished long term for the protocol ?

                                  what happens if a regulatory body goes to GSR and asks them to stop trading the token ? or to hand it over to them let's assume GSR does hand over those tokens to some legal authority, what do we do then ?

                                    Iceman why are you surprised ? ohm is trading at a premium to the RFV . buyers are willing to pay that premium because the protocol is in growth phase and assets and LP fees are being acquired and the APY will make up for the current haircut in the future (you buy 900 something worth 200 there is 700 haircut which are to be covered by the APY)

                                    if too many holders start to trade ohm and not stake it then price will quickly go to the RFV value

                                    CEX addition isn't the holy grail. we would benefit more if ohm was captured by passive indexes like DEFI indexes

                                      Wartull

                                      You don’t need perp to short ohm just two parties and one of them holding ohm

                                      I borrow 1000ohm from you at $1000. I sell it, price go down to$ 900, I buy it back. Now I have 1100ohm, I give you back your 1000+ interest.

                                      So here we would be giving free ohm to potentially get dumped on, all while these fine gentlemen have zero dollarized risk. Assume you never paid for your Ohm, why not do the above over and over and over.

                                      @Zeus

                                      I would be very wary dealing with MM and Wall Street bread guys, thinking they have our good intentions at heart is blissfully naive. Their mentality comes from a ruthless world you wouldn’t be able to understand unless you have been in it. Loan I am against it, this is defi if they want they can acquire ohm on the open market and do with it whatever they deem fit. We should not give them ohm “for free”. This at least will bring some direct value to ohm and align them with us. With no skin in the game, it’s like a working-lady that got sweet talked into giving you a ride for free. The Ohmie community is to good for its own good, don’t let your guard down especially when dealing with sharks, MMs being the most opportunistic & dangerous of them all. One small fuck up an they will capitalize on it. I suggest core to take counsel from the DAO every step of the way, to the finest details. There is no rush we are doing more than great as it is.

                                      For something to succeed it is a combination of the right opportunity executed at the right time. Question is, is this the right opportunity and is now the time for it?

                                          Wartull this is wrong wartull, you do not need a perp market to short it…. please see how otc deals are done

                                            Dom98000 finally some common sense ! fellow ohmies i urge you to read these comments through. a lot of us in the community have extensive financial knowledge and real business experience. we know these deals, we worked there. we did them. listen. or don't listen and think for yourself.

                                            have you ever been to a car shop and requested 25k cars to be lent to you for a year at no cost and you may or may not have the option to buy them at the end of the period ? because you provide the nice service of parking them in your lot which very central thereby exposing the cars to the wider traffic area ? no ? well because it's a stupid deal that's why

                                            metamask google trends is at all time high and we passed 10 million users in August. forget this CEX listing. the current terms are not favorable to Ohm holders