FIP-39 Phantom DAO Partnership

Summary

Phantom DAO is an Olympus inspired reserve currency project exclusively on Fantom with unique features built into the protocol. Phantom DAO would like to use FRAX-PHM bonds to predominantly grow protocol controlled liquidity in FRAX.

Additionally, FRAX should invest in Phantom DAO’s native PHM token either through a Phantom AMO or a treasury swap with AMO profits from the protocol (at community discretion).

Lastly, FRAX should provide lending liquidity through our SCREAM AMO or an exclusive lending system as the FRAX-PHM liquidity will be quite deep thanks to bond purchases.

Background

Phantom DAO is a reserve currency project similar to Olympus DAO but with unique lending+defi products built within the DAO. Phantom DAO is currently on the eponymous Fantom network. Phantom DAO also is directly friendly and collaborative with Olympus DAO which means FRAX-PHM-OHM can team up in the future as well.

FRAX has native minting and AMO capability on Fantom and has expanded its ecosystem in lending and liquidity through SCREAM+SpiritSwap.

Government Proposal

For: Intake PHM through AMO or treasury swap in conjunction with Phantom DAO’s FRAX-PHM bonds & provide PHM lending+leverage to PHM

Against: Do nothing

45 Likes

more frax adoption = yes.

3 Likes

pham with frax, yes please!

3 Likes

100% up for it! Can only go well from how I see it

3 Likes

Yes this is just another huge step in our journey!

3 Likes

Nothing but good can come from this partnership

3 Likes

Phantom Pham making big moves and we just getting started

3 Likes

Phantom is quickly becoming a dominant organisation in the Ohm-fork space. With their established partnerships with Ohm and Spiritswap, there is only one choice here.

3 Likes

More Frax adoption is always a good thing for Frax. Phantom DAO seems like a great partner that is building community for FTM from the ground up!

2 Likes

Structurally the partnership makes sense. Moreover the Phantom Pham is a solid community with incredible organic growth and interactions!

2 Likes

A great strategic partnership with mutual benefits. LFG!

2 Likes

Love it!! Love the value that’s building in this program.

2 Likes

Looks super good - hugeee partnership

2 Likes

All of this. Yes please.

2 Likes

Another step in the right direction for PhantomDAO. These are quality partnerships done the right way.

2 Likes

yessss great partnership

1 Like

Yes , this is great!

2 Likes

Phantom is really good! I highly agree with this.

2 Likes

Heck yes!! Let’s do it.

2 Likes

absolutely yesssssss

2 Likes