Following the result of our first $GOVI community vote, we are happy to announce that the Olympus Pro-bond program is now live!
Using a process called “bonding”, the Olympus Pro initiative will enable the GOVI DAO to manage its own liquidity by enabling users to trade in their GOVI-ETH SLP at an attractive discounted rate. As a result of this initiative, the $GOVI token will have a permanent source of liquidity since it is effectively locked within its treasury.
The long-term benefits to GOVI holders & to the CVI ecosystem include:
- A source of permanent liquidity for the $GOVI token
- Disinflationary benefits since the emission of $GOVI to the market will decrease
- Increased treasury value from liquidity that also earns trading fees
- Exposure to ETH paired assets in liquidity pools
The Olympus Pro-bond program is currently only available on Arbitrum. Please follow this guide for instructions on how to bridge your $GOVI and ETH over to Arbitrum. Once your ETH & $GOVI are on Arbitrum, you can provide liquidity to the $GOVI-ETH pool and obtain SLP tokens using this link.
Once you get the GOVI-ETH SLP tokens, it’s time to get the bonds! To do that, head over to the CVI platform (For participating in the bond program you have to make sure your SLP tokens are unstaked) and click “Buy Bonds” or simply use this Link, please make sure that your wallet is connected to the Arbitrum network.
After that, you will be able to get your discounted $GOVI! Which will be gradually released over a period of seven days.
Here’s a great tutorial that explains the whole process:
Please note that the “Limited time APY” for GOVI-ETH SLP on Arbitrum has decreased, and the APY for GOVI-ETH SLP on Ethereum will also be gradually decreased over the following month.
We encourage our community members to take advantage of this initiative and earn by providing liquidity to the GOVI DAO. As always, please contact us on our Telegram or Discord channels with any questions or concerns.
For all of our updates and to join the conversation, be sure to check out CVI channels:
Telegram (group): https://t.me/cviofficial
Telegram (channel): https://t.me/cvichannel