Ohmies, the policy team just published the following update on weekly bonds:.
24 Jun 2022, 19:07
Ohmies, the policy team just published the following update on weekly bonds:
OlympusDAO continues to support its market through inverse bonds, here are the numbers for next week:
- The current inverse bond capacity is $373k DAI per day running until next Thursday. Previous capacity was $490k/d.
- 2 DAI markets are currently available, with max payouts of ~50k and ~170k.
- Inverse bonds will run for up to 90 days or until the 120-day average moving target price is met
- Inverse bonds are constantly monitored and capacity and implementation will change over time based on market conditions for maximum impact
The point of inverse bonds are to:
- Absorb irrational sells
- Create demand for OHM, via stakers recycling OHM to take advantage of bond discounts