We have exciting news today. Inverse Finance has joined a partnership with Olympus DAO to launch INV bonds through Olympus Pro.
What is Olympus Pro?
Olympus Pro is a service for protocols that want to own their liquidity instead of having to rely on liquidity mining. With Olympus Pro, users will be able to receive discounted INV by exchanging their INV/DOLA LP tokens for INV bonds. These INV bonds will be vested for seven days, and you will be able to continually receive your INV through this period. In exchange for this service, Olympus DAO will receive a flat rate of 3.3% for each INV bond sold. This service will start on October 29th and continue for one month.
How does this benefit Inverse Finance?
By purchasing back liquidity instead of having to rely on incentives, this partnership solves low liquidity issues while also allowing us to reduce INV emissions over time. This helps INV by reducing sell pressure while ensuring a permanent floor of protocol owned INV liquidity in the long term.
There is also the benefit of establishing working connections with Olympus as well. The Olympus Community is a talented forced to be reckoned with, and we are ecstatic to be a part of this passionate community. DeFi should be about building together, and we are proud to be a part of this movement with Olympus.
How do I participate?
To get DOLA stablecoins, you can head over to crv.to and swap DAI, USDC, or USDT for DOLA.
After you receive DOLA, you can swap it for INV on Sushiswap through the INV-DOLA pool.
You can then go to the pool section on Sushi and provide an equal value amount of INV and DOLA and receive SLP tokens in return.
After you have received your SLP tokens, head over to Olympus Pro and look for INV-DOLA SLP under the Bonds section. Exchange your SLP tokens right there, and you are ready to go.
Your discounted INV tokens will be vested over 7 days and will unlock continually during this period for you to claim.
Note: Make sure to take a look at the ROI of the bonds before buying. A negative ROI means that you are getting less value back for the SLP tokens that you are putting in.
Closing Thoughts
This partnership between Inverse Finance and Olympus Pro will solve longstanding liquidity issues with the INV token and will add more utility to the DOLA stablecoin as well. We are excited to be a part of this journey with Olympus DAO and hope that you are able to take part in this monumental moment with us.
