This proposal aims to unlock the OHM pool to unlimited deposits from the yield aggregator, completely based on APY of the pool. This would be for Dai and USDC.
OHM pool deposits were enabled by a previous governance proposal (https://forums.rari.capital/d/107-kickstart-new-fuse-pools-using-usdc-and-dai-yield-pools) that enabled for proactive deposits up to $100k in new pools. The OHM pool has been a great success, garnering up to more than $15m in deposits and quickly became the second largest pool. However, we are limited in the amount of capital we can pour into it from the yield aggregator because of the previous proposal. This proposal aims to lift that limit.
I propose that we enable the OHM pool to be treated like all of the other pools (see here for a previous example of this: https://forums.rari.capital/d/55-add-fuse-pools-as-yield-aggregator-strategy). The yield aggregator will rebalance in and out of this pool purely based on APY from both the USDC and Dai pool.
The protocol would be taking on the risk of the Olympus asset and the Olympus policy team. If the Olympus asset somehow broke, it would likely result in funds lost here. The Olympus policy team could also adjust pool parameters to something that would be sub-optimal. However after in-depth review, it seems that these risks are unlikely to be major blockers.
This would enable super high APY's on both USDC and Dai when enabled (each 17.5% and 20% respectively at the time of writing). Additionally, it would give the Ohmies more assets to be able to borrow against.
For: Initiate plan described above