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Greetings to Olympus.
We are PrimeDAO, a collective of DeFi builders and DAOists dedicated to researching and building next-generation coordination tools for the Web3 ecosystem. We are working on a product suite which aims to provide collaboration-as-a-service, which include:
Prime Launch: A decentralized and curated token offering platform powered by Balancer V 2.0 that enables fair and user-friendly token launches. Projects can host a whitelisted seed sale to collect contributions at a fixed price, or conduct a liquid Launch without needing to write a single code.
Prime Deals: A platform for DAO to DAO interactions, where DAOs can propose, negotiate, and execute deals together. It is built on top of a modularised open-source framework of smart contracts with various interfaces that can easily be extended and adapted to any use case. The first supported interaction will be token swaps, followed by joint ventures, co-liquidity pooling, and co-farming that are facilitated by PrimeDAO’s agnostic, trustless, and flexible D2D contracts.
Proposal Inverter: A new funding receiver primitive that will allow DAOs to pool resources and co-fund open research/crowdfunded initiatives through semi-automated payment flows.
Prime Rating: A permissionless framework for quantifying DeFi protocol risk and quality and a research hub for DAO enthusiasts.
Prime Pools: An interface that facilitates the creation and management of DAO-governed liquidity pools which can enable the bridging of liquidity between allied ecosystems and creation of index pools.
We want to turn DeFi into a cooperative ecosystem. While we are building these DAO2DAO products and services, we are paving the way for these interactions by dogfooding PrimeDAO itself into a headless brand — an open value network that builds effective organizational coordination tools to secure the collective future of DAOs all over the world.
We want to establish PrimeDAO as a hub for DAOs to come together and co-build DAO toolings and services. We have seeded this vision in our culture by collaborating with DAOs across multiple phases of researching, designing, and developing our products.
As we move forward with our PRIME ($D2D) token launch, we want to signal our intent to make PrimeDAO a DAO co-habitation space by sharing ownership and securing long-term alignment with DAOs we will be closely working with. So, we are hoping to do token swaps with our strategic partners.
After discussions with the Olympus Partnerships contributors - PrimeDAO seeks to partner with Olympus asking for a swap of $250k in OHM - in return for 500k Prime Tokens (0.5% supply). Olympus would join Gitcoin and Balancer - who will be partnering with PrimeDAO on similar terms if the proposals pass.
OlympusDAO is one of the DAOs we have been in close contact with, as we integrated some of the Olympus DAO contributors’ valuable feedback into our process for researching and designing Prime Deals.
During these interactions, we have come to realize an exceptional alignment between Olympus and PrimeDAO: PrimeDAO’s product suite offers collaboration as service, and Olympus offers service as collaboration in its quest to evolve into an ecosystem-wide behemoth for advanced treasury management. In theory, there is no limit on how many DAOs can be integrated into Olympus’ D2D partnerships which span incubation, co-liquidity provision, OlympusPRO, token swaps, and many more to come. However, there is a limit to how many partnership pipelines the Olympus team can handle. PrimeDAO helps Olympus to scale its operational capacity by making the whole experience of negotiating and venturing with other DAOs a lot more efficient in multiple layers. On PrimeDAO’s side, partnering with Olympus would allow PrimeDAO to onboard the DAOs in Olympus’ ally network into its services.
Olympus receiving Prime tokens will allow it to have a say over Prime’s governance from day one. It will also enable us to coordinate in a more aligned and intimate setting, giving each other a concrete representation to voice our needs as we iterate on our products moving forward.
There are a large numbers of areas we see for collaboration with Olympus as we roll-out - including:
Olympus <> Prime Deals
Have Olympus participate in the testing phase of token swap on Prime Deals, and if both parties agree, onboard Olympus on to Prime Deals for their future token swaps.
Create an open deal template customized for negotiating the Olympus Pro applications.
Work with Olympus to integrate a sorting mechanism that allows for sorting the Pro applications based on a set of parameters.
Enable $OHM holders to signal their preference over the Pro applicants whitelisted by Olympus.
Olympus <> Prime Launch
Enable $OHM/$gOHM into shortcut assets for DAOs to choose which asset to raise funds with.
Onboard Olympus into Prime Launch’s seed module, whereby Launch facilitates the transactions with the incubated partners.
Onboard Olympus and their incubated projects to Prime Launch for launching their projects.
Synchronize Prime Launch’s selection process of onboarding DAOs into the seed module with applying to Olympus’ Incubation program as sequential phases of building up to the launch.
Olympus <> Proposal Inverter
Work with the Olympus team to integrate Tyche with Proposal Inverter so that the Olympus community can coordinate around which initiatives to direct fundings to
Enable a novel method of funding public goods for the Olympus community and benefit from potential retroactive airdrops.
Support Building up to the Prime Token Launch
Introduction to the Olympus Community
Advice and assistance when needed from the Olympus team
Bootstrapping Liquidity for D2D
Use of Olympus’ upcoming liquidity products to bootstrap our initial liquidity.
Use of Olympus Pro to be able to own our liquidity.
Onboarding $OHM into the Balancer Ecosystem
As a partner of both BalancerDAO and OlympusDAO, PrimeDAO will play an active role in bridging liquidity between the two protocols.
Building a deep liquidity between D2D <> OHM <> BAL to allow LBPs to be able to select OHM as an efficient bootstrap asset and open up additional LaaS opportunities.
Conclusion
Our partnership will set the stage for a strong collaboration between Olympus and Prime as we work towards becoming the primary coordination stream for DAOs. OHM wants to be the liquidity bridge/backend of the whole ecosystem. Olympus can utilize PrimeDAO as a coordination vehicle in calling a DeFi alliance and to strengthen the plasticity of ecosystem liquidity. By partnering with PrimeDAO, Olympus will be a leading voice in the creation of DAO2DAO products that enhance its offering and deal making mechanics, while supporting PrimeDAO’s push towards becoming a DAO co-habitation space.
We hope you will join an AMA - which will be facilitated by the Olympus Partnerships contributors on Monday December 6th at 2pm EST (7pm UTC)- where we can introduce ourselves to the Ohmies!
PrimeDAO website: https://www.prime.xyz
PrimeDAO discord: https://discord.com/invite/mG2WM73rYq