Description
OlympusDAO is a decentralized finance project that seeks to create a stable and flexible currency system through its native token, OHM. It operates as a reserve currency protocol with treasury assets backing its value, introducing a unique staking and bonding system. Users receive compounding yields by staking OHM, while bonding offers discounted OHM purchases from the treasury in return for liquidity or assets. Launched in 2021 on Ethereum, it aims for a community-driven, sustainable economy free from traditional and digital inflationary pressures. The project also functions as a decentralized autonomous organization (DAO), enabling token holders to influence treasury management and protocol decisions. Olympus v2's governance token, gOHM, is crucial for protocol direction. Currently, OHM is traded on 153 markets with recent activity noting a trading volume of $626,403.09, despite a price drop of 2.60%. The total supply is 1,416,029 OHM. Further details are accessible at https://olympusdao.finance/#/.
OlympusDAO is a decentralized finance project that seeks to create a stable and flexible currency system through its native token, OHM. It operates as a reserve currency protocol with treasury assets backing its value, introducing a unique staking and bonding system. Users receive compounding yields by staking OHM, while bonding offers discounted OHM purchases from the treasury in return for liquidity or assets. Launched in 2021 on Ethereum, it aims for a community-driven, sustainable economy free from traditional and digital inflationary pressures. The project also functions as a decentralized autonomous organization (DAO), enabling token holders to influence treasury management and protocol decisions. Olympus v2's governance token, gOHM, is crucial for protocol direction. Currently, OHM is traded on 153 markets with recent activity noting a trading volume of $626,403.09, despite a price drop of 2.60%. The total supply is 1,416,029 OHM. Further details are accessible at https://olympusdao.finance/#/.
