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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
$ 51.47 M
Last Activity
Holding Token
Current Price
Total Held
Total Value
$15.64
0.10%
3290490.9302$ 51.46 M
$0
0.00%
312706.4498$ 0.00
$0
0.00%
1336.9187$ 0.00
$0
0.00%
1172.1213$ 0.00
$0.133862325639
0.00%
745.4301$ 99.79
$0.309317847301
0.00%
712.4972$ 220.39
$0.542895882377
0.00%
213.1192$ 115.70
$0.819457305958
0.02%
83.6847$ 68.58
$0.347096992261
0.00%
7.6583$ 2.66
$1.95
0.01%
2.4384$ 4.76

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.