Boose

Summary: We can launch bonds using DAI instead of SLP as payment to increase supply production efficiency.

Background: We launched liquidity bonds two weeks ago with the intent of accumulating and locking SLP tokens. Since then, we have accumulated over half the pool valued at nearly $7m. While we should not replace LP bonds by any means, we should think about supplementing them with DAI bonds to increase the rate of supply production.

Abstract: Due to the way the treasury has to value LP tokens (using the Risk-Free Value equation), they are quite inefficient at producing supply. The treasury treats every $1 of liquidity as 3c for the purposes of backing tokens. With DAI bonds, every $1 given will be treated as $1. This means we can double the rate of supply production by diverting a mere 3% of bond demand. DAI bonds will also offer an alternative to smaller bonders or those who do not want to spend gas adding liquidity.

Motivation: Increase the rate of supply production, build up bond market with a second (more constrained) option. LP and DAI bonds can and should be played against each other.

Additional Context:
Medium post on DAI bonds: https://olympusdao.medium.com/dai-bonds-a-more-effective-sales-mechanism-c9a57586f1f7
What is SalesLite: A contract we have been running for the past week which sells 4.2 OHM into the pool each epoch and mints new OHM (~ 10k per day) for stakers and the DAO. The downside of this approach is it is direct sell pressure, and we could remove it since DAI bonds have the same function with less market impact.

For: Add DAI bonds and remove SalesLite
For: Add DAI bonds and keep SalesLite
Against: Do not add DAI bonds

Voting link: http://vote.olympusdao.finance/

Summary: The DAO currently holds liquidity that can be used to mint new OHM. We should deposit that liquidity into the treasury instead of keeping it with the DAO.

Background: The DAO initialized the OHM-DAI liquidity pool when we launched last month. In total, it holds 1.1588 SLP; 0.8188 in the DAO wallet and 0.34 in the Onsen pool. That liquidity remained with the DAO due to concerns about rapidly increasing total supply (the entire LP share will mint approximately 80,000 OHM). However, supply has increased to the point that this is no longer concerning. A third is deployed into the Onsen rewards pool to earn $SUSHI, but the rest is unproductive.

Abstract: We should deploy the unused 2/3 of the liquidity (0.818 SLP worth ~$1.6m) into the treasury and get it over with. This will lock it with the rest of the accumulated SLP and make our dashboard more accurate (it currently underestimates protocol-owned liquidity by 25%). This will mint 55,458 new OHM for the staking distributor.

Motivation: Accurate data and correct separation of funds.

For: Deposit DAO-held liquidity (minus what's in Onsen) into the treasury, send new OHM to the distributor.
For: Deposit DAO-held liquidity (including what's in Onsen) into the treasury, send new OHM to the distributor.
Against: Keep the liquidity with the DAO.

Voting link: http://vote.olympusdao.finance/