It doesn't seem to make sense within the goal of proteus to add incentives to a gOHM-UMAMI pool. The goal of proteus is to increase liquidity on alternate chains for people to be able to trade gOHM cheaply and with low friction. A deep gOHM-UMAMI would not achieve this goal because it requires new entrants to first acquire UMAMI, a totally unrelated asset, to exchange it for gOHM, and the same in reverse if they want to sell gOHM. Adding incentives to this pool will only serve to reduce the available incentives for other pools which would provide for low cost, low friction entry and exit from gOHM such as gOHM-ETH.
Request For Feedback (RFF): Partnership Between OlympusDAO And Umami Finance
Hi Umami, thanks for writing this proposal for us ohmies to consider
1st question : Would the ohm team own the LP pair? (1 mil umami/ 1 mil ohm)
The dev team of Umami Finance is really solid and trustworthy. This partnership should be significantly beneficial for both parties!
I like it
Excited for this. I approve
- Edited
Hey team! Just a quick comment: how would ohmies know that the 25% of treasury in gOHM would be enforced across time and space. As a OHM holder, I saw a soft revenue share agreement fall apart in the past. Names aside, it did provide an interesting viewpoint of the complexities of open-sourced, D2D contract law enforceability, and other matters that easier done in the Tradfi space.
What assurances will you give that this is not just a now thing when the going is good for Olympus, but a forever mandate for Umami Finance to keep 25% at a minimum of its treasury denominated in gOHM? Thanks!
Otherwise: love the ambition and cross-chain gOHM with ETH security + no expensive ETH fees is a great solution in my book….Looking forward to other comments on the proposal.
As an OG Ohmie. My feedback is: Hell yeah! .. My frustration with the eth chain has almost hit it’s limit. We want low gas, but also I have been quite bullish on Arbitrum, you may ask me why. NO ARBITRUM TOKEN. A true L2 solution, the only I see as an ethereum purist. L2 is the future, for obvious and multiple reasons.
I want us to get our feet in L2 now. So we can take advantage of Arbitrum. And glad to see Umami stepping up to the plate . YES YES YES!
- Edited
I like what you guys are doing. A partnership might benefit both, but I miss the DAO, which means OHMies would not have any say in what the project does. What good is a D2D swap if there is no DAO in the first place? The UMAMI token is not a governance token. Not sure if this is a major issue, just thought I'll bring it up.
I'm personally not a big fan of the fact that they're supporting meme projects, but expanding OHM liquidity is still necessary for our growth. I'm in.
Sounds good. There are risks involved in any good venture.
Hope UMAMI can hold the end of their bargain of controlling the selling pressure.
Will you continue to use Zero Two or other waifus as your mascot?
- Edited
DegensArcade We have removed our ties with Zero Two with the rebrand to Umami and yes, there is a currently ongoing community-driven effort to replace Zero Two with a completely original waifu mascot of our own intellectual property. Some of our earliest contributors and supporters came to us because of the original waifu branding, and we wouldn't want to abandon them.
However, the team is taking steps to make sure this doesn't affect the professional character of our new branding.
Congrats on the writeup, its great to see smaller ohmie forks gain enough traction to help the ohm protocol itself
Im also bullish L2 and Arbitrum is top right now. You got both your swaps, a stable pool, and anyswap to jump on other sidechains. When binance activates L2 withdrawals i can see people buying both umami and ohm with eth
MrE If the main lp switches to gohm the protocol will need to hold umami-gohm at least. And the gohm and eth assets in the treasury could be used for liq
- Edited
I think it should work
- Edited
overall supportive of the partnership, but what happens if umami fails as a project? does the gOHM get market sold? returned to olympus? divided out to Umami holders? a gOHM firesale would not be good in that event.
Related - how do make Umami succeed beyond just pairing their token with gOHM?
The more partnerships, the better 
- Edited
Seem like a small deal, why waste human resources on this. For a few million dollars LP, why not just personally create gOHM/eth on Arbitrum sushiswap ourself. The gOHM/Eth pair is more valid as oppose to Umami pair. Also Sushiswap is a know destination.
bullish