Olympus DAO operates a decentralized financial protocol on the Ethereum network, utilizing Protocol Owned Liquidity (POL) to provide reliable liquidity and a treasury-backed token, OHM. This system enables users to borrow against their OHM holdings, offering financial flexibility and stability in volatile market conditions.
Funding
$60M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Decentralized applications often rely on volatile cryptocurrencies, creating instability and hindering their utility as reliable mediums of exchange. Existing stablecoins may lack transparency or be susceptible to centralization risks.
Solution
Olympus DAO offers a decentralized financial protocol on Ethereum that utilizes Protocol Owned Liquidity (POL) to provide a treasury-backed token, OHM. This system aims to create a more stable and reliable cryptocurrency by backing OHM with a diversified treasury of assets. Users can also borrow against their OHM holdings, unlocking financial flexibility. Olympus employs an automated monetary policy, Range Bound Stability (RBS), to provide predictability and transparency in volatile markets.
Target Audience
The primary audience includes DeFi users, investors seeking stable and decentralized financial instruments, and developers looking to integrate a reliable currency into their applications.
Features
- Protocol Owned Liquidity (POL) to ensure continuous liquidity for OHM trading.
- Treasury-backed token design, providing intrinsic value and stability.
- Cooler Loans: Borrowing functionality allowing users to leverage their OHM holdings.
- Range Bound Stability (RBS): Automated monetary policy for predictable market behavior.
- On-chain governance, enabling community participation in protocol upgrades and policy adjustments.
- Deep market liquidity to facilitate OHM adoption across DeFi.