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If you are unfamiliar with the Olympus mechanism you can watch the video below.
Olympus, Bonding and liquidiy ownership

How will $LOBI work?

Lobis will create a reserve of governance tokens from protocols using Curve-like tokenomics by offering bonds to fulfill its purpose. The first tokens included in this reserve are CRV and FXS, with Sushi and others to follow.
In parallel, $LOBI (Lobis’ governance token) will be paired with OHM on Sushiswap, and liquidity bonds will quickly acquire liquidity bonds to create deep liquidity.
Similar to Olympus v1, users can also stake their $LOBI to receive sLOBI.

What is the point of Lobis?

Our goal is to build a policy-controlled governance system, in which the behavior of the $LOBI token is controlled by DAO governance. In the long term, we believe this system can be used to scale to offer decentralized governance as a public good for projects facing the threat of centralization due to project lockers. By partnering with Olympus we also aim to propagate the use of OHM as one of DeFi's global reserve currencies. In the short term, we will accumulate CRV and FXS with other suitable governance tokens to follow.
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