OIP-58: Consider Hiring a Market Maker based on recent proposal

We rich, pay the world to make OHM digi res currency.

Reading Zeus' words might win many over. CEX listings are inevitable. Let's have things happen on our terms.

Yes thank you..

Like Zeus said, whether we like it or not, cex listing will happen. Let's prepare ahead of time & make the most out of it. It's a yes from me.

We should consider some better bidding process, where we have multiple market makers bid on the hire, no?

I've worked and currently work with several market makers in crypto. They are totally needed and we should get one now before a CEX listing - in fact, most CEX's will require we have one before a listing anyway. So, this puts us ahead of the curve.

Yes, CEX will happen whether we choose for it to or not. We should front-run that decision with a MM of our choice and terms.

Wintermute worked with Gala Games. $GALA. Google what happened to them. Cause and effect is more complex of course but a yes from me.

yes from me as well

Is there a reason we'd want to work with only one or a small handful of market makers, or is that a situation where we'd be willing/able to add more (larger?) market makers in the future?

I think we should do it but I wouldn't want us to jump on the first people to come to us if that precludes us from working with other market makers later on.

I guess I don't understand why Olympus needs to pay (either through options or interest free loans) market maker(s). As stated by Zeus, "listing is in my opinion is inevitable whether we like it or not."

Market makers can make money off of ohm tokens, regardless of whether the community "hires" one (as seen in the inevitability of listing). It would be unwise to just accept the first two proposals put in front of the community. Maybe we do want to incentivize market making faster than would happen naturally, but shouldn't we be conducting a formal bidding process? Is a zero percent interest loan the best we can get, or will market makers, knowing they will be making money of spreads, be willing to pay interest rather than (in the case of GSR) getting a >1 million USD loan for free?

Remember you aren't voting on whether or not to hire a market maker, you are voting on whether or not to accept the proposals from literally the first two market maker offers. Wartull's comment on the GSR proposal says they have been in talks with many market makers. I'd like to know if there was there a lot of negotiation done to get to GSR's proposal and what other market makers were saying in these talks, at least for some context if we are flat out refusing to have more formal bidding.

Where is the time sensitivity that is forcing one's hand? I get (especially in Wintermute's proposal) that the amount being loaned isn't a huge fraction of the treasury, but this should be done right.

I am strongly against any deal which is not forced by code based contracts. If CEX is inevitable then they can buy the bonds or swap. Both option is beneficial for the protocol.

I am in favor of hiring a MM to get gOHM listed. However, Dao should run a formal RFP and bidding process to select a MM partner to ensure alignment of Olympus value and vision. It is also a necessary process to engage and educate community members.

As stated by Zeus, "listing is in my opinion is inevitable whether we like it or not."

So why pay MM? We're not in 2017 paying CEX to be listed. OHM marketcap and volume activity will promote itself, as in the case of Doge, and Shiba Inu. Feel that OHM should focus on LP revenue than marketing, as show by Tesla success story.

Rochambeau I think this is a fair point. While I agree that we should try and get an early start on our terms for MMs/CEXs, and the two proposals we've gotten seem to show respect for how we want to run things. I do also agree that we should make sure we are getting the best deal possible before agreeing to anything, especially taking into account that we don't know how different the market conditions could be by the time the terms are up.

seems like a necessity for CEX expansion

As Zeus pointed out a CEX listing is inevitable either we like it or not so we actively need to work with a reputable MM in order to make it happen on our terms.

For me OHM is the token to list on a CEX given the simplicity and trading volume it holds.

Given that Maven11 is already working on the staking feature and i quote :

Together with the DAO, we are actively working on implementing an in house staking module into CEX's that will make it possible for OHMies to stake their fresh OHMs directly inside of the exchange with only a click of the button. (3,3) will become even easier for all of us and definitely cheaper and faster than the current options.

It seems that we are all set and redi to rock