Index Funds: DeFi (sDEFI), FTSE 100 (sFTSE), Nikkei 225 (sNIKKEI).Ĝommodities: Gold (sXAU), Silver (sXAG), Oil (sOIL).ğiat currencies: sAUD, sCHF, sEUR, sGBP, sJPY, sKRW.Accumulating sUSD will allow the treasury to diversify its holdings by leveraging zero-slippage trading on Synthetix and its wide range of investments including: Synthetix Protocol – lock up sUSD, which effectively increases protocol collateralizationĪs several ohmies have pointed out, the Olympus treasury will depreciate long-term if it is based solely on the US dollar.SNX Stakers – gain access to OHM’s high APY in between staking rewards.OHM-sUSD bonds can be pitched to the Synthetix community based on the following merits: Staking rewards are claimed weekly at the same time that the collateralization ratio is maintained. Stakers receive sUSD in return at a collateralization ratio of 500%, which is set high due to SNX’s volatility. Synthetix staking requires users to stake their SNX in order to be compensated with the weekly 1.25% emissions rate. A key synergy for this proposal is that Sushiswap already has the highest liquidity for sUSD-ETH ($11.9M). This would create an additional source of liquidity on Sushiswap and avoid fragmenting liquidity across different protocols. Olympus DAO can diversify integrations by accumulating OHM-sUSD liquidity pool tokens on Sushiswap. Part of DAI’s stability is derived from its over-collateralization (130-175% for ETH). DAI was chosen for the initial integration due to its status as the longest-standing, algorithmic stablecoin. Diversify treasury holdings by implementing liquidity bonds with Synthetix sUSDĬurrently, the Olympus treasury primarily holds OHM-DAI liquidity pool tokens.
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