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OlympusDAO

Olympus aims to create a decentralized, censorship-resistant reserve currency for the emerging Web3 ecosystem. The project centers around its OHM token, which is a non-pegged stablecoin that hopes to eventually be viewed as a crypto-native fiat alternative. It does this through various mechanisms: using its treasury to increase and decrease the supply of OHM, LP bonds, and a DAO-controlled variable.

What is OlympusDAO?

OlympusDAO is a decentralized autonomous organization (DAO) focused on creating a decentralized reserve currency for the Web3 ecosystem. Its primary token, OHM, is backed by a basket of assets stored in the Olympus treasury, aiming to provide a stable and reliable medium of exchange within decentralized finance (DeFi). (wiki.defillama.com)

How Does OlympusDAO Work?

OlympusDAO operates through a combination of staking and bonding mechanisms. Users can stake their OHM tokens to earn rebase rewards, effectively increasing their holdings over time. Alternatively, users can participate in bonding by exchanging various assets for discounted OHM, which is vested over a period of days. This bonding process allows Olympus to own its own liquidity, enhancing the protocol's stability and resilience. (finematics.com)

What Makes OlympusDAO Unique?

OlympusDAO introduced the concept of protocol-owned liquidity, addressing the issue of 'mercenary capital' in DeFi. By owning its liquidity through bonding, Olympus reduces reliance on external liquidity providers, ensuring more stable and sustainable operations. Additionally, the protocol's innovative use of game theory, exemplified by the (3,3) meme, encourages cooperative behavior among participants, promoting long-term engagement and growth. (thedefiant.io)

Who Are the Founders of OlympusDAO?

OlympusDAO was founded by an individual known pseudonymously as Zeus. The project emphasizes community-driven development and governance, with contributions from a diverse group of developers and participants in the DeFi space. (wiki.defillama.com)

Latest News

What Key Events Have There Been for OlympusDAO?

Since its inception, OlympusDAO has achieved several significant milestones, including the launch of Olympus Pro, a bonding marketplace for protocols to build their own protocol-owned liquidity, and partnerships with various DeFi projects to expand its ecosystem. (wiki.defillama.com)

Project Announcements

OlympusDAO has been actively developing and implementing new features, such as the Range Bound Stability (RBS) system to enhance OHM's price stability, and exploring cross-chain capabilities to expand its reach within the DeFi ecosystem. (forum.olympusdao.finance)

Upcoming Events

No data

Projects Announcements

Where to Buy OHM?

OHM tokens can be traded on various decentralized exchanges (DEXs) where OlympusDAO has established liquidity pools. Users can participate in these pools to buy or sell OHM tokens. (finematics.com)

OHM Price

Daily Trading Volume

As of the latest data, the 24-hour trading volume for OHM is approximately $927,783. (rootdata.com)

All-Time High

OHM reached an all-time high of $1,415.26 on April 25, 2021. Compared to the current price of $22.74, this represents a significant decrease. (rootdata.com)

All-Time Low

The all-time low for OHM was $7.54 on November 26, 2022. The current price of $22.74 indicates a substantial recovery since then. (rootdata.com)

Market Cap and Valuation

Market Cap

The circulating market cap of OHM is approximately $377,201,987, ranking it #167 among cryptocurrencies. (rootdata.com)

Fully Diluted Valuation

The fully diluted valuation of OHM is around $483,399,108, considering the total supply of tokens. (rootdata.com)

OHM Price Prediction

While specific price predictions for OHM are speculative, factors influencing its price include market sentiment, adoption of OlympusDAO's mechanisms, and overall trends in the DeFi sector. Potential investors should conduct thorough research and consider the inherent risks associated with cryptocurrency investments.

FAQ

What is the Purpose of OlympusDAO?

How Can I Participate in OlympusDAO's Ecosystem?

What Sets OlympusDAO Apart from Competitors?

Is OlympusDAO Secure?

What are the Risks Associated with OlympusDAO?

Community Sentiment

6.70K Votes

50% 50%

OHM

21.511

0.90%

Trading Volume (24h)

2139.8835808767158 46031.74612399138

Circulating MCAP

$450.26M

Fully Diluted Valuation

$450.26M

Circulating Supply

20931537.841064453

Total Supply

20931537.841064453

Max Supply

20995974.57

Contract Address

0x64aa...f1d5

Go to Trade

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.