OlympusDAO

banner for dao

OlympusDAO

The Future Decentralized Reserve Currency

351 Members
147K Followers
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
147KDiscordWebsiteOnboarding Guide
DeFiCommunityInvestmentServiceMetaverse
No posts yet
Get our Bounty Bot
Web3-native. End-to-end Discord bounties.
sally with discord logo