Authors: Glue, Bonding_Brian, Abipup, unbanksy
Summary: We propose an index of tokens backing the Olympus DAO Treasury as accrued by the Olympus Pro bond program.
Olympus Pro (Olympus Pro - Bond marketplace for protocol owned liquidity.) offers Olympus DAO partners to accumulate their own liquidity similar to Olympus DAO’s own bonding mechanisms for DAI, FRAX, ETH, and LUSD. Over time, Olympus has acquired over $150M+ in LP tokens and has recently launched Olympus Pro.
Through these partnerships, the following tokens ensure deep liquidity that only grows over time. Unlike typical tokens, the LPs are held by the ultimate diamond hands in the respective partner’s custom treasury.
This index will track two main parameters
current TBV (total bond volume) and
current MCAP. Our Olympus Pro index seeks to track the weight of both the existing market cap of underlying tokens and the total bond volume. As bonds are a new defi primitive, we would create a preferential ratio toward the
current TBV at 75% and the
current MCAP set to 25%.
The current OP coins can be found here:
Due to the voracious nature of Olympus DAO community we propose an initial price of $33.33 per
OT pays homage to the infamous #off-topic channel in the Olympus DAO main discord.
More information about Olympus Pro can be found here: Introduction - Olympus Pro
This index requires a metaoracle to be developed in order to acquire MCAP prices for those assets that do not have liquidity on Uniswap V2 (e.g. SPELL).
Current Indexed infrastructure means that pools can support a maximum of 10 assets with weights bound to them, and are fixed in size once they are deployed.