The Agora Dispatch — Olympus Community Weekly Newsletter — Thursday 12 May 2022

Summary

  • Editorial — Stay Safe, Stay Strong
  • Inverse Bonds set to $2mm for 24 hours to right the ship!
  • April Treasury & Policy Reports Released
  • Twitter Thread — On Inverse Bonds
  • Ohmie of the week — memeplex
  • Meme of the Week: USDCbull! (credit USDCbull)

Editorial — Stay Safe, Stay Strong

Inverse Bonds set to $2mm for 24 hours to right the ship!

April Treasury & Policy Reports Released

  • Inverse Bonds were launched, and the Treasury has bought and burned ~$1.7M worth of OHM since
  • Olympus Protocol-owned liquidity was reduced to a target size of 20% of the market cap, which is closer in-line with historical averages. This also increases the effectiveness of Inverse Bonds as buy pressure will have a greater impact on the price of OHM
  • The Policy Team is preparing a proposal to rebalance the Treasury by decreasing the amount of DAI and other stablecoins in favor of assets such as ETH & FEI
  • Total Treasury assets fell about 20% to $410M in April as a wave of volatility hit the entire Crypto market
  • Despite the decrease in Market Value, the Treasury still raked in $10M of Revenue thanks to the steady income from Bonds, Liquidity, Olympus Pro and protocol investments
  • Olympus Treasury generated $8.7M net revenue from bonds

Twitter Thread: On Inverse Bonds

https://twitter.com/OlympusDAO/status/1524143153183404033

Ohmie of the Week — memeplex

Meme of the Week — USDCbull! (credit USDCbull)

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