Summary: Replace all liquidity mining initiatives for all liquidity pools including ETH-PLR Uniswap and other side-chains and replace them with a Olympus Bond-like Program for all liquidity providers.
Olympus bonds offer governance tokens at a discount in exchange for liquidity. Implementing PLR bonds would provide a sustained source of DAO-owned liquidity for the treasury (PLR:ETH Uniswap v2 tokens, Quickswap and PanCakeSwap LPs).
Currently rewards are 25,000 PLR tokens per week for our Uniswap LP providers who hold 2m liquidity. This is approximately 1.3m PLR (39,000 USD) of PLR distribution per year.
I would suggest we up this number to 5m PLR tokens per year through the bond program with the aim to provide a 10% ROI for our liquidity providers.
Currently we have the option to start liquidity mining for pancakeswap with AllianceBlock. I would recommend not to do this but opt for this implementation instead.
Motivation:
• Permanent liquidity floor supports investors and minimizes down side risk as the DAO owns the liquidity
• APY from trading fees goes to the DAO
• Additional DEX liquidity without having to commit treasury reserves.
Specification:
Investigate and Implement an Olympus DAO fork that supports all side-chains and create a set of BONDS that provides a discounted rate for all LP positions.
Investigate how many PLR tokens should be used for emissions from the Treasury to offer a 10% discount for the LP positions.
At point of the implementation is completed, discontinue all other initiatives for liquidity mining.
Olympus Resources