From 405b49e248bb2e42cbbdfacf4077da8d1bacbdec Mon Sep 17 00:00:00 2001 From: zygomeb Date: Tue, 28 Jan 2025 22:51:36 +0100 Subject: [PATCH 1/3] proposal0023 --- 0023-OUSDPrep/0023-OUSDPrep.md | 26 ++++++++++++++++++++++++++ 1 file changed, 26 insertions(+) create mode 100644 0023-OUSDPrep/0023-OUSDPrep.md diff --git a/0023-OUSDPrep/0023-OUSDPrep.md b/0023-OUSDPrep/0023-OUSDPrep.md new file mode 100644 index 0000000..01e4ae8 --- /dev/null +++ b/0023-OUSDPrep/0023-OUSDPrep.md @@ -0,0 +1,26 @@ +# 0023-OUSDPrep + +- Status: Proposed +- Authors: Optim Labs + +## Treasury Allocation + +In order to prepare ourselves for the OUSD launch, we must seed the liqudity for it. A brave move in interim to have the $O token be the primary source of wanUSDC liquidity on Cardano is proposed. + +## Liquidity Adjustments + +Withdraw 1M out of 1.1M (OADA + ADA) liquidity from the OADA/ADA stableswap. Swap all ADA into wanUSDC, and keep the OADA for the OADA/OUSD pool. +Withdraw the liquidity from the O/ADA pool on Splash and use the ADA to acquire wanUSDC. Provide the liquidity back. +Withdraw the liquidity from the O/OADA pool on Splash and convert 200k OADA into wanUSDC. Provide it as liquitiy back. + +Liquidity mangement, fees and dex allocation remain under control of ODAO Council. + +Execution of the swap at best possible rate given a reasonable window of ~7 days after the proposal is accepted is given to Optim Labs. + +The intention is to, after the launch of OUSD, is to use the wanUSDC stable as a reserve asset and convert this liquidity into OUSD. + +## Treasury Adjustments + +Using 675k ADA in Treasury and ~100k in sOADA as OADA fees, acquire wanUSDC for the purposes of further management of our launch of OUSD in the coming months. + +Execution of the swap at best possible rate given a reasonable window of ~7 days after the proposal is accepted is given to Optim Labs. From fe5143e526f8c04bb05a0339c12a39cd5057217c Mon Sep 17 00:00:00 2001 From: zygomeb Date: Tue, 28 Jan 2025 22:55:46 +0100 Subject: [PATCH 2/3] wr --- 0023-OUSDPrep/0023-OUSDPrep.md | 1 + 1 file changed, 1 insertion(+) diff --git a/0023-OUSDPrep/0023-OUSDPrep.md b/0023-OUSDPrep/0023-OUSDPrep.md index 01e4ae8..5a511cd 100644 --- a/0023-OUSDPrep/0023-OUSDPrep.md +++ b/0023-OUSDPrep/0023-OUSDPrep.md @@ -12,6 +12,7 @@ In order to prepare ourselves for the OUSD launch, we must seed the liqudity for Withdraw 1M out of 1.1M (OADA + ADA) liquidity from the OADA/ADA stableswap. Swap all ADA into wanUSDC, and keep the OADA for the OADA/OUSD pool. Withdraw the liquidity from the O/ADA pool on Splash and use the ADA to acquire wanUSDC. Provide the liquidity back. Withdraw the liquidity from the O/OADA pool on Splash and convert 200k OADA into wanUSDC. Provide it as liquitiy back. +Withdraw the liquidity from the OADA/ADA pool on Wingriders and convert all of it into wanUSDC. Sideline it into the ODAO Treasury. Liquidity mangement, fees and dex allocation remain under control of ODAO Council. From 20ce9afdc9480ed0ee32e7c72438bb1e684edb21 Mon Sep 17 00:00:00 2001 From: zygomeb <87449555+zygomeb@users.noreply.github.com> Date: Tue, 28 Jan 2025 23:04:20 +0100 Subject: [PATCH 3/3] Update 0023-OUSDPrep.md --- 0023-OUSDPrep/0023-OUSDPrep.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0023-OUSDPrep/0023-OUSDPrep.md b/0023-OUSDPrep/0023-OUSDPrep.md index 5a511cd..a100d47 100644 --- a/0023-OUSDPrep/0023-OUSDPrep.md +++ b/0023-OUSDPrep/0023-OUSDPrep.md @@ -11,7 +11,7 @@ In order to prepare ourselves for the OUSD launch, we must seed the liqudity for Withdraw 1M out of 1.1M (OADA + ADA) liquidity from the OADA/ADA stableswap. Swap all ADA into wanUSDC, and keep the OADA for the OADA/OUSD pool. Withdraw the liquidity from the O/ADA pool on Splash and use the ADA to acquire wanUSDC. Provide the liquidity back. -Withdraw the liquidity from the O/OADA pool on Splash and convert 200k OADA into wanUSDC. Provide it as liquitiy back. +Withdraw the liquidity from the O/OADA pool on Splash and convert 500k OADA into wanUSDC. Provide it as liquitiy back. Withdraw the liquidity from the OADA/ADA pool on Wingriders and convert all of it into wanUSDC. Sideline it into the ODAO Treasury. Liquidity mangement, fees and dex allocation remain under control of ODAO Council.