For the full version of our vision for Bretton Woods 2.0, please refer to the following article: https://app.subsocial.network/5897/bretton-woods-2-0-rome-ohm-30320
Below is a condensed version asking for feedback from the DAO on this model and alignment on Proteus rewards for our eventual wsROME-gOHM pool on Moonriver.
Background: In cooperation with Olympus, Rome has been working on the best path forward for the two projects’ collaboration. We intend to set the model for Bretton Woods 2.0 as we push for 2022 to be the year OHM finds its place in every treasury across DeFi.
In preparation for this relationship, we collaborated on an essay titled Bretton Woods 2.0: ROME <> OHM, article linked above.
We’re strongly opinionated on the best path forward for getting Olympus into treasuries across crypto and will be executing on Bretton Woods 2.0 for the Rome treasury. We hope more protocols can execute on this model and will happily collaborate with any projects that align with this model. The essay linked above elaborates on our own interpretation of Zeus’ original vision for a Bretton Woods style relationship between Olympus and other protocols.
Rome’s condensed plan for January execution on gOHM is as follows:
Enable gOHM bonds at a high % of aggregate bond capacity, targeting 33% of RFV in notional value.
Maintain an overall % of RFV for gOHM from roughly 25–40%. This value will naturally fluctuate with the value of gOHM. As gOHM goes above 33% we slowly tune down capacity. As gOHM falls below 25% we slowly tune up capacity.
After a few weeks of bonding we’ll bootstrap a wsROME-gOHM pool using existing reserves from our vanilla gOHM bonds and turn on LP bonds for this pool. At that time time we expect Olympus to be actively working with the Solarbeam team to enable Proteus rewards on this pool along with SOLAR and MOVR incentives.
In cooperation with Olympus this program will showcase the strength of the Bretton Woods 2.0 model for the future of a robust cross-chain reserve currency. Due to the continued and elevated intake of gOHM that a successful RomeDAO creates, incentives are massively aligned between Rome and Olympus. Our success as a project gets us owning more and more (permanent) gOHM; this accumulation benefits Olympus. On Rome's end, gOHM’s success means the Rome treasury continues to grow and prosper. Now you understand the power of Bretton Woods 2.0, mutually beneficial and for the benefit of both Olympus and any protocol that faithfully executes on this model.
Ask: feedback on the Bretton Woods model + continued discussion on formalizing OlympusDAO’s commitment to Proteus rewards on Moonriver; rewards to be decided by Proteus leads after the period of vanilla gOHM bond intake.
We look forward to our DAOs working together for decades to come.
