Following the result of our first $GOVI community vote, and the success of the “Arbitrum bond program” we are happy to announce that the Olympus Pro-bond program is now live on Polygon!
Using a process called “bonding”, the Olympus Pro initiative will allow the GOVI DAO to manage its own liquidity by enabling users to trade in their GOVI-ETH LP tokens at an attractive discounted rate. As a result of this initiative, the $GOVI token will have a permanent source of liquidity, as 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 Probonding has been concluded on Arbitrum with great success. There is now a permanent and scalable source of liquidity on Arbitrum, which going forward requires zero emissions. The bonding program is now available only on Polygon.
You can provide liquidity to the $GOVI-ETH pool and obtain LP tokens using this link.
Once you get the GOVI-ETH LP 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 LP tokens are unstaked) and click “Buy Bonds” or simply use this Link, please make sure that your wallet is connected to the Polygon 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:
https://www.youtube.com/watch?v=djLjdJ7uuX4
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:
Website: https://cvi.finance
Whitepaper: https://cvi.finance/files/cvi-white-paper.pdf
Twitter: https://twitter.com/official_CVI
Telegram (group): https://t.me/cviofficial
Telegram (channel): https://t.me/cvichannel
Discord: https://discord.gg/48K9EupjqY
