Definitely up for this ETH proposal, I'm wondering if we could not benefit from accumulating stablecoins not USD based. EURO, JPY or even gold. In order to create an ever more robust floor.
OIP-15: Add ETH to the Treasury
When buying ETH bonds, what will we deposit? A mixture of DAI/FRAX + ETH?
I'm trying to understand how the protocol will collect $1 + % of ETH per OHM minted?
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great addition to bond portfolio. again great move wen we make it-
@DAO, keep hitting it out of the park, much appreciated!
To bond with ETH, game theory needs to be considered. If ETH rises rapidly, if Ethereum falls rapidly, how should the system respond?
Tao so... My take (which could be COMPLETELY wrong) is that 5% of the treasury will be targeted to be held as eth. If eth goes up, the protocol stops buying eth. It may even sell some.
If eth goes down, the protocol will buy it...
Which..... Dca at epic scale.
Or arbitrage using time VS using competing exchange rates.
All in all, it seems like it would make the treasury more profitable (post initial purchase) over time. Yes... There will be some instability, but as eth fluctuates, if the 5% is maintained, the protocol will always be buying lower and selling higher. There should be some fuzziness (not a strict 5%, but a small range the protocol is content to operate within (4.8-5.2% for instance) so it doesn't panic buy and sell...
But overall I see this leasing to longer term ohm value growth due to treasury value increases.
foks it would still come from the other bonds that we offer- DAI, FRAX etc
Pasta ETH has proven itself as a robust asset from a risk perspective. I think Brian is referring to BED being nascent in nature and has more smart contract risk as it's lego built on-top of ETH with other AUM, rather than naked ETH which lies at the heart of all of these dapps.
Tao When you consider the conservative 5% target of the treasuries RFV, price appreciation and depreciation shouldn't negatively affect much other than the rate at which RFV grows.
It won't be much of an issue because we're not using this ETH to mint new OHM, we're using it to bolster backing.
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ecce_ohmo Hey friend, if you're interested in understanding more about how the bond mechanisms work/are managed by the policy team check out our docs @ https://docs.olympusdao.finance/references/equations#bonding.
I also encourage you to ask q's around the discord server! Also, check out the #policy channel to see some of the updates from the team 
BTCFarmer This is currently tricky from a regulatory perspective because if we were to accumulate these assets they would be synths/derivatives (the underlying asset). There are still active talks of moving into some of these assets- the risk just needs to be evaluated properly!
woofwoof No ser, it would not! This proposal would mean your OHM is being backed by more value- a win, win for the 3, 3 army
does it makes sense consider staked Ether (like Lidos stETh) for the treasury?
or is there any other way the treasury can benfit from Eth 2.0 staking rewards?
I'm very much in support of this proposal. We should own the land we live on. ETH is a very productive asset and it will strengthening the treasury. I'm looking forward to voting yes on this on Tuesday.
all i gotta say is LFG - left side IQ curve
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This proposal is interesting, but to truly be viable, it should be accompanied by a scheme for eventually selling ETH for stable assets to raise the RFV of the treasury. If the OP intends for ETH to never to be sold, then ETH bonding can only drive RFV/OHM down and there's no upside to it from an OHM holder's/appraiser's POV. Arguments about the increase in IV are meaningless if the non-stables are never sold. If the OP does intend for ETH to be sold at some point, then a concrete plan for selling non-stables should accompany this proposal.
Ideally, such a plan would limit the value of the non-stables held to a small fraction of the protocol's RFV. That's because a proper appraisal of the risk reward ratio of OHM becomes difficult when the value of the non-stable assets is of the same or greater order as the the treasury's RFV. One would need to become an expert on all the non-stable assets in the treasury to do a proper appraisal of this ratio. Compare this with the simplicity of the present, where all that's needed is knowledge of the RFV, the runway at the current reward rate, and an understanding of the prevailing appetite for risk. Such simplicity is highly desirable and a crown jewel of the protocol. A legitimate case for forking OHM to maintain this simplicity could be made were it to disappear. I’d hate to see that happen.
Whatever plan to sell non-stables for stables gets hatched out should also apply to any non-stable rewards in the treasury (e.g. Sushi). I don't see the point of accumulating such non-stable assets if the protocol never intends to sell them to raise the RFV.
At any rate, July 27th is too early for a scattershot vote on this, IMO. Too many outstanding questions that require careful deliberation.
occam Arguments about the increase in IV are meaningless if the non-stables are never sold.
I don't see why this follows. Holding ETH in the treasury contributes to net asset value/treasury market value regardless of whether the ETH is sold or not. We don't mint off of net asset value, but the market may well use this number to price OHM.
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mudshrk
Not sure why the market would use the value of non-stable treasury assets to price OHM if there's no explicitly stated (and to be honest, codified) scheme for selling non-stable assets. For example, the OHM protocol could hold billions of dollars in ETH, but if the prevailing policy is to never sell non-stables, what good is that ETH to OHM holders/appraisers?
occam
Occam, having non-stable treasury assets is fine even without a defined divestiture plan. The value added is there, this OIP is just contemplating it’s exclusion from the RFV figure.
Assuming Olympus Treasury eventually holds a basket of multiple non-stables, will the market factor that in to the price? Definitely.
What I think your alluding to, something that I think is important, is that what we are creating is theoretically elegant but we need to make sure it’s clearly conveyed.
If we eventually incorporate more and more non-stables, everyone will have different levels of comfort with each of them…meaning * by default * you need to model out all the non-stables with your own haircuts for each.
Everyone who goes to app.olympusdao.finance is going to see a RFV that implies the value of ETH is $0 because that technically is its RFV. BUT is that helpful?
With the addition of non-stable assets, I’d propose we need another quasi-RFV metric that includes non-stables with community defined haircuts.
kRFV
kinda Risk Free Value 
occam I agree with Occam in that I don't see this as being an accretive action to the value of OHM if there's no plan to realize appreciation of a non-stable treasury asset.
Long term unless ETH can solve it's network cost issues it will likely continue to loose ground to alternate low transaction cost networks like Substrate/DOT, Polygon, etc. ETH is currently viewed as a "blue chip" coin, but not sure about long-term prospects, nor does it have negative correlation to BTC.
Seems like there are lots of open details to try and have a vote on the 27th.
Has the DAO investigated other projects that are philosophically more aligned with Olympus like SORA or even Tinlake?
https://medium.com/sora-xor/sora-the-new-economic-order-3ec3f0327e5a
Just a noob and opinions are my own - your distance will likely vary.