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

shibyinks

imperialwrit I see this is looking good to me. I have to get in on this . Future looks bright.

OxFrisson

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!

MrMochi

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.

foks

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.

Cc2

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.

shibyinks

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

Jelly

Must do - think this is a great one!

MrMochi

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.

jbs

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

Inkycaps

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.

LonChainey

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

Baitfish

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.

ogohmie

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.

Cc2

Baitfish Agreed. gOHM bonds on forks are the way.

Baitfish

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.

shibyinks

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

SupDup44Thomas

Let's go for it of course !!

fig

Umami_Finance it was a pleasure learning more about your protocol and aims to improve OHM.

Question about $UMAMI as it will soon (hopefully) be part of the OlympusDAO treasury.

What kind of voting rights does $UMAMI hold? Is it a governance token?

Second - you mention this current token distribution below:

Umami_Finance The core team and staff hold ~40,000 Umami tokens, all of which are time-locked in 6-month, linear vesting contracts. T

40,000 tokens are held by the team, equating to about 25% of the total supply. As the team transitions to a DAO will this linear vest still be in place? If so, it will greatly limit the community's agency in votes.

« Previous Page Next Page »