APIR 2: OlympusDAO - gOHM integration (3rd winelisting)

Project presentation

Summary

This proposal aims to integrate the gOHM token to the 3rd winelisting event. Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets in the Olympus treasury (>$550m at the time of writing), and gOHM is the recently introduced v2 token that is cross-chain compatible and that will be used for on-chain governance in the future. Note that gOHM is a wrapped token containing rebasing (staked) OHM (gOHM price = OHM price * Current Index).

Rationale

OlympusDAO would like to join the second winelisting event to offer additional use cases and yield opportunities for both our communities.

The market demand for unlocking gOHM value is substantial, as exemplified by the current gOHM deposits in Rari Fuse pools (>$105m gOHM in pool#6 and >$35m gOHM in pool#18), gOHM deposits in Tokemak (>$53M), and gOHM Dopex SSOV deposits (>$2.8M). Tokenizing future yield received through rebases (currently @ 3.1k% APY but scheduled to decrease to around 1k% APY at the end of January) and offering hedging possibilities to Ohmies opens up interesting new use cases and would drive demand for the APWine platform.

Benefit of this integration for OlympusDAO:

  • Adds new use cases & further integrations for gOHM
  • Allows gOHM holders to tokenize future rebasing yield
  • Offers additional yield opportunities

Benefit of this integration for APWine DAO:

  • Increase the tokenized TVL and the AMM TVL
  • Diversify the yield possibilities for APWine community
  • Increase the visibility of the project with cross marketing

Metrics:

  • Market cap: $847M
  • TVL gOHM: $660M
  • Twitter community: 149k
  • Discord community: 72k

Community poll:

  • Add gOHM to the winelisting vote
  • Don’t add gOHM to the winelisting vote
  • Abstain
Add gOHM to the winelisting vote?
  • Yes
  • No
  • Abstain

0 voters

1 Like

Hey @0xFelix thanks for this great proposal !

The 2nd winelisting vote is over, but I guess this can be added to the 3rd one.

1 Like

Ah sorry, my bad! I thought it was still ongoing - but yes, let’s add it to the 3rd one then.

2 Likes

Yes sure np ! Can you change the proposal title to Winelisting 3 please ?

2 Likes

Getting gohm and other rebase tokens on apw would be a great addition and give the protocol a lot of much needed attention.

2 Likes