OIP-173: Reorganize POL
Published
1/6/2025, 9:27:05 PM
Closes
1/9/2025, 9:27:05 PM
Votes
19
Voting Type
basic
Quorum
0
Author
380x389b...6746Proposal Content
Summary
Summary: Reorganize mainnet and cross chain POL. Background: Olympus currently has primary protocol owned liquidity on mainnet, with smaller pools on Base and Arbitrum. The pool...
Summary:
Reorganize mainnet and cross chain POL.
Background:
Olympus currently has primary protocol-owned liquidity on mainnet, with smaller pools on Base and Arbitrum. The pools are all full-range OHM-ETH pairs, with $6m on mainnet, $340k on Base and $315k on Arbitrum. There is also an OHM-sUSDS pool on mainnet that spans ~$23.5-$58 with 330k OHM.
Proposal:
Make the following changes to protocol-owned liquidity:
Arbitrum:
- No change.
Mainnet:
- Change sUSDS pool's OHM side to be 750k OHM from 23.5 to infinity.
- Change sUSDS pool's sUSDS side to include $2.5m from $15.5-23, added in $250k chunks on $0.75 ranges (ie $17-$17.75). sUSDS liquidity is only to be added single-sided (ie price must be >18.5 to add the 17.75-18.5 range).
Base:
- Remove OHM-ETH pool.
- Add OHM-sUSDS pool with 75k OHM and whatever amount of sUSDS for 12-infinity pool (currently ~$375k).
Solana:
- Add OHM-USDC pool with 75k OHM and whatever amount of USDC for 12-infinity pool (currently ~$375k).
End State:
OHM-Stablecoin liquidity in 12-infinity range across chains amounts to $3.1m and 0.9m OHM. Additional OHM-ETH liquidity in 0-infinity range across chains amounts to 910E ($3m) and 150k OHM. Total depth equivalent to a full-range pool with 7% supply.
Motivation:
Deepen POL to better accomodate the emissions manager, and expand access to OHM by increasing weight of cross-chain pools.
Implementation:
Since the guardian still has adequate Roles, this vote can be conducted through snapshot. Assets on Solana to be custodied using a Squads multisig, with concentrated liquidity through a Kamino fixed-range vault on Raydium.
Post-Note:
Origami's hOHM should further expand access, and drive activity onto these pools. Berachain-specific discussion should occur once a launch date is set.
Voting Results
3.23M
66.37
Total Votes
19
Total Score
3.23M