EconomistBeard
On this point, they'll hold OHM, not gOHM so no governance influence.
Market Making Proposal from GSR
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
Wartull The market maker will, CEXs where they will provide liquidity might have other ideas.
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.
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.
Mongo Staking is permissionless, nothing would stop a CEX from staking OHM and showing naked OHM on their front-end.
EconomistBeard that can all be agreed upfront
Wallace900402 That would dilute ohmies, we wouldn't want that
is there any form of insurance if the OHM is lost through a hack etc?
Yesssss!
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?