Description:Olympus utilizes Protocol Owned Value to enable price consistency and scarcity within an infinite supply system.
Argument:
So far we have backed every 1 OHM with 1 DAI and with any typical market we cannot control the price but what we can control is that each OHM is backed by the price floor.
Olympus proposes another use case for DOLA:
User deposits INV, borrows DOLA
User deposits DOLA in Curve, gets DOLA-3CRV
User buys DOLA-3CRV bond at Olympus, receive OHM in rewards when 5 day bond matures
User stakes OHM for a 5 digits+ APY and benefits from auto compounding
DOLA-3CRV will stay in the treasury and creates a price floor for DOLA as it's secure.
When it comes to risk it comes down to the market and how it reacts. We aren't forcing DOLA holders to provide liquidity against OHM, the DAO can vote no. But so far I see no usage for it at all.
Description: Olympus utilizes Protocol Owned Value to enable price consistency and scarcity within an infinite supply system.
Argument: So far we have backed every 1 OHM with 1 DAI and with any typical market we cannot control the price but what we can control is that each OHM is backed by the price floor.
Olympus proposes another use case for DOLA:
DOLA-3CRV will stay in the treasury and creates a price floor for DOLA as it's secure. When it comes to risk it comes down to the market and how it reacts. We aren't forcing DOLA holders to provide liquidity against OHM, the DAO can vote no. But so far I see no usage for it at all.
To be discussed:
Source: