As Olympus V2 is coming around corner, it is worth discussing the development of OHM bond NFT which is also described in the Olympus V2 launch medium article.
By wrapping the Olympus V2 in NFT form, it will open up the future composability with other defi protocols.
And for the first integration, I have came up with OHM bond swap.
Idea is simple, OHM bond NFT holders will be able to swap their NFT with n% fee(ex. 1.5%), sOHM liquidity providers will get that 1.5% fee and payout sOHM/gOHM/OHM instantly.
Which will eventually add APY on top of sOHM apy.
Although this may sound like super flywheel of money, one caveat is that this might open up vulnerability of price manipulation of OHM bond calculation on LP tokens.
As OHM bond calculation only uses on-chain data as price oracle for lp price calculation, it is worth mentioning that Flywheel Bond swap protocol should guard this issue by adding oracle manipulation guard when there is attempt to swap Bond NFT to OHM token.
Also, this may add down force to OHM token price but it will also benefit the Olympus DAO since DAO treasury size will go up as OHM token price discovery will only end up increasing the Olympus Bond usages.