ogabo

  • Mar 23, 2022
  • Joined Sep 17, 2021
  • I feel I spend a lot of time working on the DAO although it might not be visible.

    E.g. I got compensated as a part timer in December though I felt with the time & effort, I should be considered full time.

    I am working a lot on the app localization regarding RTL language support but the updates on these are semi-regular so it could be 1 month working in the background before the changes are submitted so how that would be evaluated? (Part vs Full time)

  • more gOHM means better stability, let's do it 🙂

  • Hmm, tough call.

    I think we should acquire more than stables to avoid government regulations hunting us in the future.
    ETH is in a Bull run now so it makes sense but it won't make sense to a lot of new investors when it goes back to the Bear winter.

    Anyone who has been longer on OHM know the fundamentals enough to stick around but the same doesn't go to new investors. As I am writing this, we stand around 51,000 unique wallets holding OHM and many of them come because of the promise of stable, increased rebases. That being said, we do need waaaaaaaay more wallets acquiring OHM. I don't care if they hold 0.0000000001 OHM but I think we should aim for 1,000,000 unique wallets by next year.

    Personally speaking, I check the Backing of circulating OHM daily and I cringe whenever I see the RFV value dropping by $0.30 (That is what matters to me the most). I try to consider an ultra conservative stand but if we were allowed 7.8% of treasury to be exposed to the price of ETH then this daily fluctuations will be more than $0.30.

    I like De-everything opinion. If we need to include it then let's account for only 66% of its' intrinsic value thus even if the price goes too low, we will be safe from daily fluctuations and not have new investors doubting us.

    I think diversification is good but in my opinion, we should wait for few months.
    We are way to hyped with the BTC/ETC bull run to be making rational decisions. I rather we do nothing till this passes and our treasury reaches 1 billion or more in stables coins.

    Just my 2 cents! (or 0.02 $OHM)

  • "shadow"#p2566 Note: ETH mentioned in this proposal is actually wETH (wrapped ETH).

    goldenboyyuri

  • All for it. WETH will help us acquire more retail investors because not everyone can afford to bond so all for it.

  • I can't determine if that is a good financial transaction however I do stand behind Klima's goal (disclaimer: Not holding any) so from sustainability POV, it shows that Olympus is all about. Another yes here!

  • If I am understanding this correctly then the only risk is that ETH goes way down in value that LUSD have to be rebalanced. Considering we are still in a bull market, I think we will have enough time to stake a lot of LUSD before that ever happens so that is a yes from me.