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Pete
@slagathor
Hi everyone, Peter here from Origin Protocol! I submitted a candidate prop that went onchain Sunday and goes up for vote tomorrow at 6:45 PM PDT. Would love to know everyone's thoughts, it is for testing with just 1 ETH: https://nouns.wtf/vote/388
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seneca
@seneca
hey pete, thx for coming on to chat. personally, i don’t think capturing this type of upside and taking on its corresponding risk is a worthy pursuit for nouns given our focus being entirely outside of the financial eng real. either way, thx for considering and good luck!
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Pete
@slagathor
Hey seneca, appreciate the input! We're taking every step to reduce risk as much as possible - I go into this at length on the proposal under the section "Potential Risks and Mitigation" that's too much to post in a single comment here, but it's definitely worth a read!
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seneca
@seneca
yep, i read through it and you make good points - maybe other nouners have an appetite for this!
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Noun 40
@noun40
appreciate the prop pete but I have a similar view here. more returns can't come for free (primarily it seems like additional yield farming techniques involving curve / frax / etc is at play here) and generally we've steered away from anything more than vanilla staking
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Pete
@slagathor
The only farming being done is Curve/Convex on the OETH/ETH pool w/ the ETH thats currently backing OETH (currently 54.7%). The remaining 45.3% of collateral is all in LSTs earning yield. By holding OETH, Nouns would earn a promotional amount of all this combined yield, plus additional yield earned from those opted-out
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Pete
@slagathor
at the moment 24,052 OETH is opted-in for yield and 20,375 OETH is opted-out. Nouns would earn a portion of the yield from those opted-out
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Pete
@slagathor
The current collateral breakdown and strategies used is always available onchain via the analytics page: https://www.oeth.com/analytics as well as on Proof of Yield: https://www.oeth.com/proof-of-yield
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