ARC-13: gOHM-UST Pool Addition to Astroport with Dual Incentives


Incentivise gOHM-UST pool on Astroport to build up liquidity. The purpose of this proposal is to create a deep liquidity pool of gOHM-UST to bring swaps from gOHM to UST and vice versa from to Astroport and the Terra ecosystem.


Olympus would like to incentivize a gOHM-UST pool on Astroport to officially bring gOHM to the Terra ecosystem. The gOHM rewards are not contingent on this proposal, however, it would be preferable to begin rewards at the same time with ASTRO.

Olympus DAO is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. UST, DAI, FRAX, wETH) in the Olympus treasury, giving it an intrinsic value. Olympus also introduces novel economic dynamics into the market through staking and bonding


Olympus continued its expansion toward being the reserve currency of DeFi through a cross-chain expansion initiative called Proteus. Recently Olympus has begun discussions with TFL on how to integrate the OHM token further into the Terra ecosystem. This was first realized in the accumulation of UST into the treasury from a governance proposal on the Olympus forum. Astroport is the primary DEX within Terra ecosystem so it was a natural choice for a gOHM-UST pool.


Olympus will provide gOHM emissions to approximately 0.4 gOHM tokens per day for a period of 3 months (36 gOHM or $111K for 3 months), at time of writing 1 gOHM is worth $3095. In exchange the Astral Assembly provides ASTRO emissions to approximately 333 ASTRO tokens per day for a period of 3 months (30,000 ASTRO for 3 months).

The estimated rewards APR is shown below for various levels of liquidity.

Liquidity in gOHM-UST pool gOHM APR ASTRO APR Total APR
$1,000,000 45% 45% 90%
$3,000,000 15% 15% 30%
$5,000,000 9% 9% 18%
$15,000,000 3% 3% 6%
$20,000,000 2% 2% 4%

(estimated APR values assume that $ASTRO = $3.72)


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v supportive of this proposal and big fan of the econOHMy. Glad to see this finally coming together, we had initally planned to do dual rewards as specified here: UST Goes Interchain: Degen Strats Part Three - Governance & Proposals - Terra Research Forum, however given the strucutre of the Astro generator that proved quite difficult. The LUNA incentives for this pair can be used after the 3 months of gOHM incentivies cease. Excited to get the gOHM-UST pairs live on Solana and Polygon once this is through!

Hey Zon, saw your prop on Agora . Any idea if there are much swap volume for gOhm in other chains ? Also, are there much utility for gOHm?


Olympus has seen volumes on other chains ranging anywhere from $100k to around $1.5M in volume. It really depends on the activity of the chain and how integrated OHM is within the ecosystem.

As for utility, yes there is a lot of utility. I would encourage you to visit the website: OlympusDAO

To list a few:

  • Options
  • Borrowing/Lending
  • P2E Games
  • NFT Marketplace
  • Payment Cards in select countries
  • Perpetuals
  • Liquidity Mining

Adding in relevant information: