not a fan - we don't need any MM's on CEXes today. If GSR wants to arb the volatility then they should market buy and put onto CEXes

Do we vote with thumbs-up and thumbs-down?

Just asking because I don't see the usual YES-NO buttons.

    Smooth brain here. Proposal says the OHM will not be staked and I assume the CEX would offer naked OHM and not gOHM or wsOHM. Is that a correct reading? If so, what is the mechanism for a CEX customer to stake? Say Coinbase Boomer buys OHM and then what? Do we plan to offer CEX custodial staking? Please explain it to me like I am younger than Zeus.

      EconomistBeard Strongly agree. Early on I remember asking "wen CEX" and people kept saying "not important, just wait and let them buy Ohm like anyone else. Not worth paying a huge premium" Ofc they were right and I was greedy. This proposal is exactly what they were warning against!

      will the 25000 OHM loan be returned as 25000 OHM or the $ value of the loan will be returned. Given that almost surely unstaked OHM will be diluted in a year, I hope the loan terms involve returning the actual dollar value.

      Sia_Brt

      Without going too much into the details they really understood the market we were in and what we want to achieve. So we made it very clear we value our dex volume a lot and are not looking to move to a cex completley, but have it as a complimentary option next to it. Also that we are not looking for a spray and pray approach but quality over quantity. The fact they were open to post it like this on the forum + doing an AMA with the community is I think also unseen in DeFi.

      is there any form of insurance if the OHM is lost through a hack etc?

      would gOHM be better? It lacks market depth and liquidity?

      Definitely think there needs to be clarification on the loaning of OHM and the status of staking and rewards on those OHM over the contract period with details in respect to gOHM transition.

        Jawesome Ser, you must realise that agreement begins and ends with the supply of OHM the market maker has on its balance sheet. How are we going to ensure the supply on the exchange balance sheet stays unstaked?

          Wartull I think this is super important, could be considered as a fee or interest on the loan in as far as the unstaked balance will increase the APY for the rest of us staking, so taking out a chunk of staked supply for market making makes sense.