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Submission: On June 09 via manual from GB — Scanned from GB
Effective URL: https://www.olympusdao.finance/
Submission: On June 09 via manual from GB — Scanned from GB
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STAKEBONDECOSYSTEM INITIATIVES Olympus ProINCUBATORGRANTSGIVE Learn FAQBlog Transparency GOVERNANCE VoteForum Enter App Enter App THE FUTURE DECENTRALIZED RESERVE CURRENCY Olympus is building OHM, a community-owned, decentralized and censorship-resistant reserve currency that is asset-backed, deeply liquid and used widely across Web3. Enter App Enter App PROTOCOL STATS TREASURY BALANCE $346,888,592 NUMBER OF HOLDERS 120,000+ PROTOCOL-OWNED LIQUIDITY 99.35% UNIQUE TOKENS IN TREASURY 50+ A BETTER DIGITAL ECONOMY A decentralized economy needs a decentralized reserve currency - one that isn’t pegged to the fiat system, but rather independently achieves purchasing power, broad acceptance, and high utility. PURCHASING POWER Olympus achieves stable growth and preserves purchasing power with a combination of monetary policy and responsible treasury management. BROAD ACCEPTANCE Our mission is to turn OHM into a broadly accepted unit of account - across a wide variety of trading pairs and blockchains. To achieve this goal, Olympus initiatives range from liquidity-as-a-service to cross-chain incentives programs. HIGH UTILITY The Olympus ecosystem supports integrations and partnerships that promote the utility of OHM across a wide variety of use cases. Olympus Give Olympus Incubator Olympus Grants Olympus Odyssey OlympusDAO Agora News HOW TO PARTICIPATE 468% APY STAKING Stakers play an important role in the Olympus ecosystem. Stakers deposit their OHM into the protocol, which contributes to OHM’s long-term price stability. In exchange, stakers receive their pro rata share of rebases and governance rights. Stake Stake Bonding Discounts BONDING Bonding allows you to trade various tokens for OHM at a discounted price. In exchange, bond sales provide additional liquidity and reserve assets to the Olympus treasury, contributing to the stability of the protocol. As a result, 99% of all liquidity is owned by Olympus. Bond Bond COMMUNITY STATS TWITTER FOLLOWERS 150,000+ COMMUNITY DISCORD MEMBERS 80,000+ WORKING TEAM DISCORD MEMBERS 10,000+ RELEASES AND PRODUCT UPDATES OLYMPUS PRO Bonds-as-a-service for Protocol Owned Liquidity OLYZAPS Swap any asset into staked variations of OHM OLYMPUS GIVE Redirecting yield for good BONDS V2 Olympus Bonds with auto-staking and flexible vesting OLYMPUS PRO Bonds-as-a-service for Protocol Owned Liquidity OLYZAPS Swap any asset into staked variations of OHM OLYMPUS GIVE Redirecting yield for good BONDS V2 Olympus Bonds with auto-staking and flexible vesting IN THE NEWS VIEW ALL ARTICLES VIEW ALL ARTICLES FUNDAMENTALS: ENCOURAGING USABILITY THROUGH THE UTILITY PILLAR Mar 31, 2022 FUNDAMENTALS: UNIVERSAL ACCEPTANCE THROUGH THE LIQUIDITY PILLAR Mar 25, 2022 Welcome back to the Olympus Fundamental Series. If you’re new here, go back and check out the Olympus Foundations article, in which we presented an overview of OlympusDAO. FUNDAMENTALS: PRESERVING PURCHASING POWER THROUGH THE RESERVE PILLAR Mar 18, 2022 In the first part of the Olympus Fundamentals series, we shared the foundations of Olympus by defining the Who, What, Why, and How of Olympus. FAQ ALL QUESTIONS ALL QUESTIONS WHAT IS OLYMPUS? OHM, governed by the Olympus DAO, is Web3’s decentralized reserve currency. OHM’s purpose is to provide the growing Web3 financial ecosystem with a censorship-resistant currency that preserves purchasing power, has deep liquidity, is trusted and used widely as a unit of account. OHM is supported by a robust and growing Treasury, which acts as a counterbalance to the market, adding confidence and stability to a volatile system. WHAT IS THE GOAL OF OLYMPUS? Our goal is to build a policy-controlled financial reserve currency that: — Preserves purchasing power via long-term price stability — Has deep liquidity across decentralized and centralized exchanges — Is utilized as a unit of account (e.g., by being paired against many other assets in Web3) — Is utilized as trusted backing (e.g., to collateralize other assets or deposited into protocols’ treasuries). WHY DO WE NEED OLYMPUS IN THE FIRST PLACE? Dollar-pegged stablecoins have become an essential part of crypto due to their lack of volatility as compared to tokens such as Bitcoin and Ether. Users are comfortable with transacting using stablecoins knowing that they hold the same amount of purchasing power today vs. tomorrow. But this is a fallacy. The dollar is controlled by the US government and the Federal Reserve. This means a depreciation of the dollar also means a depreciation of these stablecoins. Olympus aims to solve Web3’s reliance on centralized, censorable stablecoin assets by creating a non-pegged reserve currency called OHM that is backed by a basket of assets. Olympus actively utilizes its Treasury as a counterbalance to the market and to grow the econOHMy. IS OHM A STABLE COIN? No, OHM is not a stable coin. Rather, OHM is a decentralized, censorship-resistant reserve currency managed by the Olympus DAO. Our goal is to develop a Web3-native asset that helps users preserve purchasing power, has deep liquidity across the ecosystem, is utilized broadly as a unit of account and serves as a trusted backing for other decentralized assets. IS OHM PEGGED? No. OHM is backed, not pegged. Each OHM is backed by $1 worth of assets in the treasury, not pegged to it. Because the treasury backs every OHM with at least $1, the protocol would buy back and burn OHM when it trades below $1. This has the effect of pushing OHM price back up to $1. On the other hand, OHM could always trade above $1 because there is no upper limit imposed by the protocol. Think pegged == 1, while backed >= 1. PRODUCTS Olympus Pro STAKING BONDS LEARN DOCUMENTATION BLOG MEDIUM CONTACT US JOIN OLYMPUS DISCORD Media inquiries OLYMPUS MONTHLY DIGEST Form state message Kommunicate Live chat ×