Bond with Olympus DAO Forks

Frog Nation DAO

Dec 4, 2021·4 min read

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This is the second project from Frog Nation DAO

#####The official token of The Pond is $[REDACTED].

#####Official website [REDACTED]

As you know Abracadabra Protocol accept ibTokens as collateral to mint $MIM stablecoin, so in the same way ours protocol will accept other Olympus DAO forks tokens as assets to Bond.

Community goal

#OccupyDeFi with the largest treasury in the world and the most transparent treasury management.

The goal is not to create a treasury as an end in itself, but to create a business managed by the DAO, where the revenues go to the stakers.

We will do this in 3 steps:

1. Use successful DAO tokens to Bond.
2. Continuously offer high and profitable APYs thanks to team play and high taxs for claim, unstake and transfer.
3. Give back to community who are loyal and stake for at least a period of time, by redistributing tax fees and revenues to stakers of $[REDACTED] (still under discussing).

What to do with the treasury is a completely open question.

Are we really a DAO?

We were born because we believe that a DAO has to make decisions on treasury management, not just superficial matters, the money belongs to the community members, aka “the Frogs”, and they have 100% of the right to speak and vote.

All decisions regarding the use of treasury follow this guideline:
- discussion in discord.
- proposed creation.
- snapshot vote.

Here are some proposals under discussion

1. Provides liquidity and earns fees.
2. Use the treasury to accumulate assets that pay returns in stablecoins or other valuable assets ($CRV, $CVX, etc..).
3. Use treasury to dominate $TOKE wars by accumulating TOKE and TOKE LP positions to dominate TOKE liquidity bribes to reactors. Aim TOKE liquidity black hole at $MIM pairs on Curve to drive $MIM demand and lock more $CRV.
4. Give back to community who are loyal for at least a period of time, by redistributing tax fees and revenues to stakers of $[REDACTED].
5. Include more Ohm forks after whitelist.
6. Include bond for CRV to direct liquidity at MIM pairs.
7. Go multi chain.

Bootstrapping the treasury

The launch will last 7 days and will be open only to the original minters from the NFTS “69420” collection (the first DAO project).

This whitelist system was approved with the following vote:

#####SNAPSHAT LINK

For information read the medium article here.

Bootstrap phase

The launch will last 10 days with these conditions:

1. Vesting 1 day where you can claim and stake, but a 1 week lock up on unstaking.
2. Claim Tax 1%, Unstake Tax 1% and transfer tax 5%.

After Bootstrap phase

From the eleventh day and permanently, except for DAO governance, these are the conditions:

1. Vesting 7 days where you can claim and and stake, but a 7-week lock up on unstaking.
2. Claim Tax 5%, Unstake Tax 5% and Transfer Tax 10%

Benefits of participation:

If you like DeFi’s idea of reserve currency and you love protocols that own their liquidity, then you’ll go crazy for #####The Pond, where the treasury is made up of the original Olympus DAO version and the best forks with real utility.

Also every month we add 1 or 2 new DAOs through governance and voting, this means we catch fresh high APYs that increase your APYs within our community.

If in Olympous DAO the elephant sucks its trunk, our trunk is the elephant itself.

Also, we are using Hector (4,4) mechanism, Bond rewards are paid in staked version of $[REDACTED]. This means that your bond rewards will compound as they are vested, meaning that you won’t need to stake them after you claim them

Tokenomics

What is ####[REDACTED] Token?

#### is the crypto-backed token of the The Pond platform. It will be minted when users bond with their crypto assets. Then they can decide to stake the tokens or sell on other platforms.

To differentiate, backed crypto means it can have a bigger value than the underlying crypto of that asset. On the contrary, a pegged crypto means the crypto price is sticking to one specific asset’s price. Therefore, the OHM price can be much higher than the backing cryptos.

Token included for Bond at launch are:

spell-sspell
mim-spell
mim-wavax
mim-nice
mim-wshec
mim-xjoe
mim-wsohm
wmemo-wsohmcoming...
mim-gohm
wmemo-gohmdiscussing...
wagme-mim

OHM Key Metrics

• Launch Date: #####
• Website: #####
• Token Name: [REDACTED].#####
• Ticker: [REDACTED].#####
• Blockchain: Avalanche.
• Token Standard: ERC-20.#####
• Contract: #####
• Token Type: Utility and governance.