​​​​​​​The Agora Dispatch — Olympus Community Weekly Newsletter — Wednesday 18 August 2021

Summary

  • Guest Editorial — Weathering the Storm
  • Pre-discussion OIP-18 — Refresh on bonding, staking, & the 5-day ROI
  • Liquidations abound — While the protocol continues to earn LP fees
  • OIP-18 — Reward rate reduction — Could it be boolish? Vote now!
  • OIP-19 — Approve DAO to pursue strategic swaps — forum post
  • Odyssey DAO updates — Asfi University @Brian & @Asfi— Reggae with @D-Shot — Meme Masterclass with @Jman
  • First hint of FOHMO 3 — Warzone Trio’s Tournament
  • Twitter thread — OIP-18 & how it affects your incoohme
  • Ohmie of the Week — @Z0RB (3,3)
  • Numbers at a glance — A tough week but more than 340 Ohmies join our ranks
  • Ohmie profile — @domPablo
  • Meme of the Week — Passive Incoohmer (credit @Smoove(3,3))
  • Opportunities to contribute — join us
  • Agora’s Learning ancient-Greek mythology series — An Overview of the 12 Olympians

Guest Editorial — Weathering the Storm

Pre-discussion OIP-18 — Refresh on bonding, Staking & the 5-Day ROI

Liquidations abound — While the protocol continues to earn LP fees

OIP-18 — Reward rate reduction — could it be boolish — vote now!

https://twitter.com/AgoraDispatch/status/1426326031003127810
  • The original making of the proposal was previously planned and unrelated to the price volatility. The proposal has been in the works since OIP-11.
  • The proposal does not give the Policy team absolute power to adjust the reward rate. Any future rate reduction outside the proposed framework will still go through a community vote.
  • Reducing the reward rate is important if Olympus wishes to pursue partnership with other protocols — the high APY presents a cost opportunity which deters users from utilizing their OHM elsewhere.

OIP-19 — Approve DAO to pursue strategic swaps — forum proposal

Odyssey DAO updates — Asfi University with @Asfi & @Brian — Reggae with @D-Shot — Meme masterclass by @Jman

https://twitter.com/WAGMIcrypto/status/1427324939892371457

First hint of FOHMO 3 — Warzone Trio’s Tournament

https://twitter.com/OlympusDAO/status/1426285043018829828

Twitter thread — OIP-18 and how it affects your incooom

https://twitter.com/ishaheen10/status/1426312729220943875?s=21

Ohmie of the Week — @Z0RB (3,3)

Numbers at a glance — A tough week but more than 340 Ohmies join our ranks

  • August 3: 9630
  • August 10: 10580
  • August 17: 10921
  • 7-day change: -$1.20 (-4.10%)
  • 30-day change: +$3.28 (+13.26%)
  • Total LP Fees Generated: $1,931,736
  • $204,060 in fees generated in one week!
  • DAI bonds: 1,615,831 DAI has been bonded in the past week
  • Week-over-week growth of -44.61%%
  • FRAX bonds: 431,298 FRAX has been bonded in the past week
  • Week-over-week growth of -66.86%%*
  • *Important Note: The Policy team recently voted to decrease the FRAX and OHM-FRAX bond capacities to keep aligned with the treasury target of 5% of total FRAX supply which is protocol-owned.
  • OHM-DAI LP bonds: 215,173 of RFV in a week
  • Week-over-week growth of -36.06%
  • OHM-FRAX LP bonds: 20,797 of RFV in a week
  • Week-over-week growth of -55.08%

Ohmie profile — @Dompablo

Meme of the Week — The passive incooohmer (credit @smoove(3,3))

Opportunities to contribute — join us

Agora’s Learning ancient-Greek mythology series -

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