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Olympus

Olympus

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Olympus (OHM) is a pioneering decentralized finance (DeFi) protocol that introduced the concept of Protocol Owned Liquidity (POL), providing deep, reliable liquidity for its native token, OHM. Operati...Read More

Market Cap

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24h Trading Vol

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All Time High

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All Time Low

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Total Supply

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Max Supply

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Circulating Supply

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Categories

Crypto-Backed Tokens

Chains

Ethereum logoEthereum

Contracts

Chain Icon0x64aa...f1d5

Where to Buy:

Uniswap V3 (Ethereum)
Kodiak V3
Uniswap V2 (Ethereum)
Uniswap V3 (Base)
Camelot
Curve (Ethereum)
Sushiswap
Uniswap V3 (Arbitrum One)
Matcha (Arbitrum One)
Korbit

FAQs

How does Olympus ensure price stability without being a stablecoin?

Olympus maintains price stability through its Range Bound Stability (RBS) system, which programmatically executes market operations to absorb volatility. When OHM's price trends downward, treasury reserves are deployed to support the price. During upward trends, OHM is sold for reserves to stabilize the price. Unlike stablecoins, OHM isn't pegged to any fiat currency but operates within a transparently defined price range backed by a diversified treasury exceeding $200M in assets. This 'flatcoin' model combines stability mechanisms with decentralization.

What are the technical benefits of staking OHM?

Staking OHM converts it to sOHM at a 1:1 ratio while enabling auto-compounding rewards through rebasing mechanics. Each epoch (approximately 8 hours), the sOHM balance automatically increases based on current APY, eliminating manual claiming. Staked positions remain liquid and can be used as collateral in DeFi protocols like Rari Capital's Fuse pools. The staking mechanism is governed by smart contracts audited by security partners like Hypernative, which provide real-time monitoring for exploits.

How does Olympus' security model protect against exploits?

Olympus employs a multi-layered security approach: Smart contracts follow modular architecture with role-based permissions limiting critical functions. Partnerships with firms like Hypernative provide 24/7 monitoring for vulnerabilities including price manipulation and reentrancy attacks. The governance system uses deltaVotes to prevent proposal spamming and ensure sufficient deliberation. Treasury assets are diversified across chains and protocols, with contingency plans for exploit scenarios documented in OIP-179. Regular audits and bug bounties complement these measures.

How does Olympus governance achieve decentralization?

Olympus uses Parthenon governance featuring fully on-chain voting with unique deltaVotes calculation. Instead of simple majority rules, proposals pass based on the margin between yes/no votes relative to circulating voting supply. The system requires a 33% deltaVotes threshold initially, preventing whale domination. Leadership is distributed across a 7-member council with veto power against unilateral decisions. Governance actions execute autonomously without multisig dependencies, and proposals undergo community feedback phases before on-chain ratification.

What distinguishes Olympus from algorithmic stablecoins like Terra?

Unlike algorithmic stablecoins that maintain pegs through arbitrage incentives, Olympus uses treasury-backed assets and RBS for range-bound stability without peg dependencies. Its $200M+ treasury provides tangible backing, while POL ensures liquidity independent of external incentives. OHM's value accrual comes from treasury growth rather than ponzi-style tokenomics, and Cooler Loans enable direct borrowing against treasury assets. Security emphasis includes Hypernative's exploit prevention and documented incident response plans absent in failed algorithmic projects.

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