This is a conversation worth having, but most exchanges will likely list OHM given its crypto ranking and volume compared to gOHM which at the moment is more marginal.
I agree on the concerns about retail investors not understanding the rebasing, and I think it is necessary to have extensive communication and education around those listings, to be fair I am skeptical of any CEX offering native staking on their platform in a timely manner. The idea around OHM was to use a loan without staking in order not to dilute the community and have options that are less likely to be exercised. To be clear, if OlympusDAO decides to go the OHM route, because we will not stake the loan we will not make markets in sOHM and gOHM, instead our focus will be to concentrate liquidity on the main token.
Obviously the same structure can be replicated on gOHM and who doesn't love a 69,420 strike! That said as someone highlighted before, these are much more valuable loan and options from the MMer standpoint and reciprocally more onerous for the community.
CEX's will not use their token for governance and I am not worried about that. Market Makers, as other active traders, can and do participate. Although as I mentioned in the AMA we own a bunch of OHM but we will not use our tokens to vote on our own proposal. Our goal is to hear from the community how they want to shape the future of the OHM token and ecosystem.

Derek while it sounds fair to evaluate every possible proposition, this could lead to a poor conversation on services and benefits vs costs and end up being a disservice to the community. It is not really an apples to apples comparison.
Both Wintermute and GSR are highly reputable market makers, not all are, and while we are competitors, I know that whether you picked Wintermute or GSR you will get the highest level of global service that OlympusDAO deserves. GSR has always been a people-first business, and we pride ourselves on our long-lasting relationships across the crypto ecosystem. We view this proposal as the first step towards a successful, mutually beneficial relationship for years to come. The community is best served by a substantive debate about how the OHM token will integrate to the centralized world rather than just arguing about proposal economics at the expense of quality.

I've posted too many times, don't want to turn this post into the elephant meme, I hope we are getting ready for a community vote.

Fluctuat nec mergitur - as we also say in Paris 😘

    8 days later

    Simple fact:

    Giving naked OHMs to market makers is a free way to short

    Show me the incentive and I will show you the outcome

    -Tetranode

    the GSR proposal greatly angers me

    that's allowing them to borrow naked OHM and a free short

    these market maker guys have so many words, but they are ultimately snakes in the grass that needs to be captured and extinguished

    they will borrow OHM at market price, then buy back ohm after like 100 rebases for $2

    if the market maker wants to list ohm, they have to buy it from the market like the rest of us

    these guys are wanting $20M of free money for WHAT

    If market makers wants OHM for their CEX

    They can buy it off the market like everyone else

    Who gives $20M of their DAO to freely short the market?

    Hmmmm, it needs to be further discussed as there are many cons to that

    Will be voting against this, want OHM to short? Buy it from the market like the rest of us.

      More questions for OHMies to think about:

      1. Why do we need to hire a market maker when we have 300M of protocol owned liquidity?

      2. Why do we need retail adoption that would paperhand our OHM?

      If you cannot see that they will use free ohm to short it, then I do not know what to tell you

      purefissure will it make a difference relative to today? our current community was composed of early bag-fillers like Mark Cuban who have long exited and over-leveraged degens who are helping tank the price today. I will be voting for this proposal.

        14 days later

        Self-reported circulating supply

        1,663,068.00 ohm

        Market making proposal from Wintermute

        750gOHM

        (750/1,663,068)X100≈0.045%.

        Market making proposal from GSR

        25,000OHM

        (25,000/1,663,068)X100≒1.5%

        And the current OHM Staked is 90.79%.

        If we consider only Market Making, GSR's plan which is 1.5% of total supply and 16.28% of non-OHM Staked would be more effective.

        IDKFAIRL dopex is on L2? Also, the availability of options only gives these market makers even more hijinks they can pull using this uncollateralized interest-free loan on a hyper-inflationary asset…..

          jft it is pretty damn easy to short when someone hands you an interest free loan of the asset in question. Knowing that you are getting your hands on $20m in liquidity in said asset, you could also lever yourself to the hilt using options because you have a very good idea of where the price is gonna go.

          Sorry for the string of comments but I am just now reading this thread.

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