The Future Decentralized Reserve Currency
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). How to participate: 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 additional OHM token rewards as well as the right to govern the protocol. 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 in the treasury is owned by Olympus. Useful links: Discord: https://discord.com/invite/olympusdao Twitter: https://twitter.com/OlympusDAO Website: https://www.olympusdao.finance/ Onboarding: https://docs.olympusdao.finance/main/basics/staking Token Contract Address: 0xfca1d1039383109245324456c7500d7e93b5be26
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