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OlympusDAO

OHM

  • Stablecoin Protocol
  • DeFi
Established Year
2021
Operating Status
Active
Ecosystem
Ethereum
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.

Financial Portfolio

Investment

Nucleo
Nucleo
Seed
$4 M

Crypto Holdings

Current Holdings Count
11
Total Value
$ 62.51 M
Last Activity
There's nothing here for now
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Holding Token
Current Price
Total Held
Total Value
$19.00
0%
3290490.9302$ 62.50 M
$0
0%
312706.4498$ 0.00
$0
0%
1336.9187$ 0.00
$0
0%
1172.1213$ 0.00
$0.001769516854
0%
745.4301$ 1.32
$0.051815197416
0%
712.4972$ 36.92
$0
0%
213.1192$ 0.00
$0.060828837629
0%
83.6847$ 5.09
$0
0%
7.6583$ 0.00
$0.153220595242
0%
2.4384$ 0.37

Frequently Asked Questions

What Is Olympus (OHM)?

[Olympus](https://www.coinlive.com/coin/olympus) is an algorithmic currency protocol with the goal of becoming a stable crypto-native currency. Though sometimes called an [algorithmic stablecoin](https://coinmarketcap.com/alexandria/glossary/algorithmic-stablecoin), Olympus is more akin to a central bank since it uses reserve assets like [DAI](https://www.coinlive.com/coin/multi-collateral-dai) to manage its price. The goal is to achieve price stability while maintaining a floating market-driven price. The biggest difference between OHM and [stablecoins](https://coinmarketcap.com/alexandria/glossary/stablecoin) like [USDC](https://www.coinlive.com/coin/usd-coin) is that OHM is backed but not pegged to a certain price. Technically, the price floor for OHM is 1 DAI, but practically a premium and the treasury value is added to the price. OHM differs from other algorithmic stablecoins like [Ampleforth (AMPL)](https://www.coinlive.com/coin/ampleforth) because it issues OHM to buy DAI and other assets and maintain a treasury. This mechanism is similar to [FEI](https://www.coinlive.com/coin/fei-protocol); the key difference is that FEI keeps a dollar peg, and Olympus allows its token to float.