# Olympus Run Sheet for AMA / Deep Dive

## Run Sheet:

| Time | Location | Activity | Lead | Notes |
| --------------------------------------- | ------------------------- | ---------------------------- | ----------------------------------------- |:------------------------------------------------------------------------------------------------------------------------------------- |
| 30 Minutes before Call Time | Olympus Community Discord | Server Connectivity | Moderator / AV from Content Team | Check to make sure all Guests, Hosts and Moderators can get in to Server without being banned by a bot or otherwise adversly impacted |
| 30 Minutes before Call Time | Olympus Community Discord | Twitch Streaming / Recording | Community Manager / A/V from Content Team | Verify that AV from Content Team is on standby and ready to kick off Twitch Stream / Recording |
| 25 Minutes before Call Time | Olympus Community Discord | Sound Check | Moderator / AV from Content Team | Verify Sound Levels and Functioning Mics |
| First 15 Minutes **(Add Specific Times)**| Olympus Community Discord | Introductions | Moderator | General Introductions of Guests and Moderator |
| Second 15 Minutes **(Add Specific Times)** | Olympus Community Discord | Guest's Speak | Moderator | Guests Speak about their Project and how it intersects with Olympus |
| Third 20 Minutes | Olympus Community Discord | AMA | Moderator | Moderator takes community questions and allows people on stage |
| Last 10 Minutes | Olympus Community Discord | Outro / Final Comments | Moderator | Closing Remarks |

## Tracer Deep Dive

* Tracer Perpetual Pools are a new DeFi Primitive that allow you to take a long or short position on a asset.
* Doing so mints an ERC20 Token on either side of the pool: **S-Tokens** for Short and **L-Tokens** for Long
* These positions are non-liquidatable, fully collateralised and fully-fungible
* Perpetual Pools then acts a contract between the two sides, creating commoditization of the transfer of value.

### Example:

*Take a 1-BTC/USDC pool. For this pool there is a long side and a short side. The long side is represented by an L-token, and the short side is represented by an S-token. Users who intend to take a long position on BTC/USDC will purchase an L-token. Users who intend to take a short position on BTC/USDC will purchase an S-token.*


*In the case where the BTC price goes up, the short side will transfer some of its USDC to the long side. As such, the L-token price appreciation will act like traditional leverage (1x in this case) for normal price movements. The S-token price depreciation will also act like traditional leverage (1x in this case) for normal price movements.*


#### Rebalancing Rate:

*In the case where long and short collateral is at parity, an x% transfer from one side will equate to an x% gain for the other side. However, in the case where long and short collateral is not equal, an x% transfer from one side will not result in an x% gain for the other side. Instead, the side’s gain is adjusted by the rebalancing rate. A favourable rebalancing rate presents asymmetric upside for the less collateralised side.*


*The existence of this rebalancing rate will mean that liquidity providers on the under-collateralised side will have amplified leveraged gains while keeping their losses fixed. e.g., for a 1p pool with a rebalance rate of 10%, the short side will have a power leverage of 1.1p for gains while only 1p for their losses.*

### Olympus Value Prop:

* Customized UI allowing Olympus Community exposure to outside assets utilizing OHM, gOHM and other Olympus Related ERC20 Tokens as collateral.
* Minimize Risk of Forced Liquidations associated with leverage by using Power Leverage Functions
* Minimize sell pressure on the OHM and gOHM tokens as the leveraged markets will be settled in native tokens, and the holder will be simply taking a directional bet of other assets against another holder of the native token.
* Decrease risk of cascading liquidations while permitting more healthy leaverge to exist.
* 10% of Olympus Related Perpetual Pools Fee's go to Olympus Treasury.

### References:

* Tracer: Perpetual Pools Litepaper
* https://tracer.finance/radar/perpetual-pools-explained/
* https://docs.google.com/document/d/1LnFUXz9iPCKmoGxXYDBY97OIn-qp0jQbPeKP5lqXNQY/edit#