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
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.