Olympus[OHM]
Olympus is a decentralized financial protocol focused on creating a stable, community-governed currency.
Olympus DAO has revolutionized decentralized finance by introducing protocol-owned liquidity (POL), a concept central to DeFi 2.0. This approach addresses common issues in DeFi, particularly those related to liquidity rewards.
Olympus DAO's native token is Olympus (OHM), which serves as both the protocol's stable currency and governance token. Unlike traditional stablecoins pegged to fiat currencies, OHM is backed by a reserve of digital assets held in the Olympus treasury. This backing provides stability without the need for a direct fiat peg.
In traditional DeFi, liquidity providers (LPs) are incentivized to supply liquidity to decentralized exchanges through yield farming, which often involves high rewards. However, this method can deplete protocol resources and lead to the dilution of the native token's value over time.
Olympus DAO offers a different solution by using bonds instead of relying on rented liquidity. Users can purchase discounted OHM tokens by contributing their LP tokens or other cryptocurrencies to the protocol, thereby securing liquidity without the drawbacks of traditional yield farming.
As a DAO, Olympus allows its community members to actively participate in governance. Any member can propose changes or new strategies, which the community votes on to decide the future direction of the protocol. This decentralized governance model ensures that the protocol remains transparent and community-driven.
Olympus DAO's native token is Olympus (OHM), which serves as both the protocol's stable currency and governance token. Unlike traditional stablecoins pegged to fiat currencies, OHM is backed by a reserve of digital assets held in the Olympus treasury. This backing provides stability without the need for a direct fiat peg.
In traditional DeFi, liquidity providers (LPs) are incentivized to supply liquidity to decentralized exchanges through yield farming, which often involves high rewards. However, this method can deplete protocol resources and lead to the dilution of the native token's value over time.
Olympus DAO offers a different solution by using bonds instead of relying on rented liquidity. Users can purchase discounted OHM tokens by contributing their LP tokens or other cryptocurrencies to the protocol, thereby securing liquidity without the drawbacks of traditional yield farming.
As a DAO, Olympus allows its community members to actively participate in governance. Any member can propose changes or new strategies, which the community votes on to decide the future direction of the protocol. This decentralized governance model ensures that the protocol remains transparent and community-driven.
DAOYield FarmingDeFi
Current price
24h:6.9%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
98.66%All time low price
151.32%Token supply
0 OHM (0%)
26.83M OHM (100%)
$0
$18.93
$0
$507.85M
16.27M OHM (60.63%)