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.

      I dont like the idea of loaning out OHM. Dilution will make repaying the loan much easier. Why isnt GSR buying OHM at market value?

      Also, whats stopping this group from "buying" the OHM from themselves, staking, and repaying themselves?

        EconomistBeard Could be made as part of the agreement that if they do stake it a fee or part of the yield would be captured by the OHM treasury.

        Coud yes that is the idea, a centralized listing should net increase volume and hopefully yield more rewards

        halyax GSR was formed in 2013, before ethereum or tether, we like to think we’re pretty much crypto OG at this point

        Wartull yes exactly, the idea is that the loan would not be staked and dilute rewards for current Ohmies


        Projected via: https://dune.xyz/pottedmeat/Emissions-Predictions

        For reference, these are the options posited by GSR. They would be able to provide the $15.625 or 18.75M directly to the treasury at a total mcap of 31B+ or 115B+.

        It is still worth noting that the cost to Olympus for each OHM is the RFV of 1 DAI (e.g. 25k OHM is $25k USD).

        I am for this proposal given the above numbers.