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  • Request For Feedback (RFF): Partnership Between OlympusDAO And Umami Finance

i like it. i hold UMAMI as well, so of course I want to see both succeed and grow. Also, having exposure to some waifu-cred project isn't bad. waifu-ism is one of the most powerful forces of cultural capital known to man. 😎

The Arbis project and team continue to deliver. They have an amusing sense of humor, even if not everyone gets it.

I think this RFF represents a thorough delve into any future proposal. I'm all for it.

Deploying gOHM to various liquidity pairs on Arbitrum (or any other L2, or L1 for that matter) is a perfect use-case to help establish Olympus as a true reserve currency.

This is an excellent opportunity for Olympus DAO to scale into the Arbitrum ecosystem. We can't do everything on our own. It makes sense to partner with a DAO that has expertise, relationships, and traction within Arbitrum. Excited for this!

Personally, I don't see a reason in voting in favor of this proposal. I think Proteus should be used to establish liquidity pools on different chains in the form of gOHM-Stable, gOHM-ETH and gOhm-Nativetoken. Those pools should, in my opinion, be majority held by Olympus as long term this prevents potential splintering. Umami is free to accumulate gOhm as it sees fit and farm Proteus as well as establish pools.

In the future, a closer partnership could be discussed. But in the short term I feel like this does not adequately help us establish Ohm on Arbitrum. I feel this deal is too one-sided towards Umami as well.

    In favor of building gOHM liquidity on arbitrum and create a partnership with a friendly DAO.

    Not so much in favor of using treasury gOHM or Proteus incentives for a pool with such a fresh token, though.

    I finally aped in and it feels good. I also aped in on Wonderland and took a double position on Umami.

    MrMochi Thanks for sharing fren. Unfortunately these LPs would not be held by Olympus under the current Proteus plan - thats where Umami would like to step in! By locking gOHM LPs in our treasury Umami would ensure that gOHM liquidity stays on Arbitrum for the long term, even after Proteus incentives have stopped.

        bfghntybfgh also curious about why this wouldn't be part of the proteus strategy

          Umami_Finance

          A lending protocol with gOHM as collateral, is an opportunity for Ohmies to get a loan.

          Aave on gOHM would be amazing, but there's no way around those gas fees.

            This would be a great collaboration to increase liquidity of gOhm on Arbitrum. I am in support.

            Nothing against Zero2Ohm/Umami or any particular fork of Ohm.

            However as it stands now there are currently 58 or so forks live and 143 upcoming / to be launched. A lot of children to think about. Shouldn't choose favorites.

            There's very little in actual differentiation to say who deserves DAO swaps for liquidity.

            Ohm goal should be via Proteus to have gOhm available in Arbitrum / elsewhere to help people acquire gOhm to bond to these 100+ children, not go the direct route. Happy bonding ya'll.

              Baitfish I’d say there is a lot of things to differentiate these forks. The team that is behind the fork mainly. And from my research Umami team seem to be on the ball with the future of Arbitrum and LP. I’m bullish on reliable partnerships and bullish on Arbitrum. Arbitrum is a true L2 solution for an ethereum purist like myself, it is definitely the next frontier imo.

                  ogohmie

                  Sure enough.

                  Team is of course a bit subjective to evaluate here.

                  I'd rather just stick to the proteus playbook for chain expansion and let everyone eager to acquire gohm via their own bonds. Other than that evaluating forks would prolly require a bit of a DAO built framework.

                    Why is the price of UMAMI going down ever since I bought in?

                    Baitfish Agreed. gOHM bonds on forks are the way.

                      foks Building liquidity and market activity cross chain will allow Olympus to launch in true fashion on each chain. I I feel that subsidizing the initial liquidity on different chains against the base trading assets will offer a level playing field for everyone to get involved. Umami is free to offer gOhm bonds. Proteus will help both users and forks to acquire Ohm.

                      The initial liquidity will not be held by Olympus, but that is the next step for the expansion. Then the liquidity will be long term within the chain as we figure out where the most demand lies. Proteus helps us get there quicker but only if we pair it with base assets.

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