I honestly believe the next steps to take in order to grow the treasury are mostly well-planned. 1) via olympus pro improve interconnections and benefit from working with a large percentage of ethereum based defi protocols. 2) via nft plans, expand our cultural meme impact into crypto, crypto twitter, and popular culture in general.
It is generally speaking also a good plan to ensure that we grow our stablecoin reserves with very low risk over a long time frame. Though at the moment, this might not seem so relevant because apy is sooo high compared with the yield that most of defi offers on liquidity, as Olympus apy decreases to its eventual end goal of low double digits, obtaining similar liquidity from Aave, Convex, Sushiswap, will become progressively more relevant. We could even include Tokemak to that list in order to obtain slightly higher yield.
However, I strongly believe that the true tectonic shift we should be considering is reserve allocation that simultaneously offers us yield, and greater resilience to the overall financial system. The simplest clearest way to do this would be to consider Akash Network for passive yield.
- we would be obtaining the possibility to host olympus servers on akash, protecting ourselves from risks of being booted from cloud providers.
- we would be investing in an option without stablecoin risk, at the moment only our Eth position could truly be said to avoid stablecoin risk.
- we would be investing in an option without risk of impermanent loss from liquidity pairs.
- we would be partially diversifying into non-Ethereum ecoystems, protecting ourselves from idiosyncratic risk.
Olympus dao has been bootstrapping at amazing speed with phenomenally inventive solutions, and I have no doubts we will continue to do so. And at this point in time, I think we should be dedicating a considerable amount of energy and planning to future proof our project.
https://www.youtube.com/watch?v=knjRukXxDuU