OIP 11 Report: First iteration of 3 OMM Bonds

Dear Omm community, following on from our Karma Bond Proposal 1 , we’d like to present a statistics report after a successful first bonding period.

Overall statistics

Unique bonders: 42
Average bonders that held LP tokens before bonding: 40,37%
Average weighted discount: 4.82%
Average weighted percent of acquired OMM sold after claim = 66.28%
Average weighted percent of acquired OMM locked after claim = 4.97%
Note: OMM amount paid out (or claimed) was used as a weight

OMM/IUSDC Bond

Bonders holding LP tokens before bonding: 19.05%
Unique bonders: 21
Average weighted discount: 5.15%
Average bonding amount: $129 (limit was ~$225 per bonding)



DIstribution of USD amounts bonded.

OMM/sICX Bond

Bonders holding LP tokens before bonding: 62.07%
Unique bonders: 29
Average weighted discount: 3.66%
Average bonding amount: $96.68 (limit was ~$225 per bonding)


OMM/USDS Bond

Bonders holding LP tokens before bonding: 40.0%
Unique bonders: 20
Average weighted discount: 5.66%
Average bonding amount: $136.01 (limit was ~$225 per bonding)


Summary

The first iteration of bonds provided by OMM was a great success. The average weighted discount was 4.82%, which competes with the Olympus Pro lead bonding protocol (5% average). Because the Icon community and purchasing power are much smaller, we consider this a great success.

Only 40.37% of bonders held LP tokens before which means 59.63% of new users provided liquidity for the first time, providing great educational experience. Newly provided liquidity will help stabilize the price even further.

Estimated 66.28% of acquired OMM was sold with estimation not taking into account OMM held by users before, thus real number could be lower. Approximately 4.97% of OMM was locked within a 4 weeks period after claiming.

2 Likes

Given the success of the first bonding period, I believe the size of the next batch of bonds should be increased.

According to our observations, the OMM/sICX → OM bond was the most sought after. The volume of OMM/sICX swaps on Balanced DEX appears to be the highest as well, resulting in the greatest price pressure.

We should agree on the size of the next batch of bonds in this discussion.
I propose the following raises:

  • OMM offered to be increased from $10,000 to $20,000 per bond, with the exception of OMM/sICX → OMM bond which should be increased to $30,000
  • Target period should also be doubled from 10 to 20 days
  • Bond price sensitivity should be set same as previously, if $1000 ($1500 OMM/sICX) per day is bonded discount stay around 0% on average
  • Max bonding amount per single bonding action should be increased to ~$500, allowing bigger grabs and higher competition

Looking forward to the discussion!

2 Likes

Cheers for the super detailed breakdown! It’s amazing to see almost 60% of new users provided liquidity for the first time! It sounds like it was indeed a great success overall. I look forward to seeing the next batch of bonds. The set-up looks perfect and it definitely makes sense to increase the OMM bond for the OMM/sICX given it’s the most popular

1 Like

Thanks for putting together a comprehensive report and the proposal sounds like a good next step to gauge people’s interest in more Karma bonds.