- Edited
Summary:
In the past few days we have seen 2 proposals from market makers on the forum which have been discussed at length. This OIP is to gauge the sentiment if the community thinks it is beneficial to hire a market maker with potential CEX listings looming around the corner. If the community chooses for the option to hire a market maker, we will lauch a second OIP to vote for either (or both). This is done to reduce voting fragmentation and get a clear mandate from the community.
Proposal:
GSR proposal (OHM with clause to not trade on sohm/gohm markets):
https://forum.olympusdao.finance/d/535-market-making-proposal-from-gsr/210
Wintermute proposal (gOHM):
https://forum.olympusdao.finance/d/639-market-making-proposal-from-wintermute
Can we take steps to hire a market maker based on the proposals above is the vote we set forth in this OIP.
**A few considerations on why we would we would need a marketmaker have been explained by Zeus here:**
https://forum.olympusdao.finance/d/535-market-making-proposal-from-gsr/64
**Another concern of Ohmies was if we could enforce this contract.**
The answer there is yes. The DAO has found someone to act as a counterparty for the contract and it can (and should) be enforced. Market makers deal with billions every day and would face much more reputational damage if they would not hold themselves to the contract as opposed to gaining the xx million they would by breaking it.
**Why don't we do an open forum where everyone can make a proposal?**
While this may be a good way to do this in the future, time sensitivity and risk of decision paralysis forces our hand here. If the community still think this should happen, I encourage you to vote accordingly on this proposal.
Vote:
Yes - We can advance to the next stage where an OIP would be created to vote for GSR or Wintermute
No - Do not hire a marketmaker based on the recent proposals.**