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Hi Ohmies, the policy team at @OlympusDAO made an announcement today that you should check out.
Here’s a brief thread explaining the levers used to put these policies in action and also a bit of rationale/explanation behind each statement.
Here’s a brief thread explaining the levers used to put these policies in action and also a bit of rationale/explanation behind each statement.
1. To decrease bond capacity, a bond’s Bond Control Variable (BCV) is increased.
Bond Price = 1 + debtRatio x BCV
By drastically increasing FRAX BCV from 690 -> 13,900, bond price for a given debt ratio will rise.
This is how FRAX capacity gets reduced.
Bond Price = 1 + debtRatio x BCV
By drastically increasing FRAX BCV from 690 -> 13,900, bond price for a given debt ratio will rise.
This is how FRAX capacity gets reduced.
2. However, these BCV targets are gradually changed.
You can track their change progress on the policy dashboard.
Over time you will see FRAX intake dramatically reducing.
duneanalytics.com/shadow/Olympus…
You can track their change progress on the policy dashboard.
Over time you will see FRAX intake dramatically reducing.
duneanalytics.com/shadow/Olympus…
