Why? Because rewards will slowly decrease for the old contract.
What do I need to do?
Go to https://app.olympusdao.finance/#/stake/migrate and follow the instructions
What should I look out for?
Make sure each transaction is completed before moving to the next one.
With some pride, we are presenting you FOHMO 2!
Following the enormous success of our last FOHMO Fest, we will commence this 5 day series of Olympus DAO events with a community office hours, presenting topics as Roadmap, Community Feedback, Odyssea and more!
Day 2, we will have a DJ Set hosted by the resident #off-topic DJ’s to get you all warmed up for the Main Event the next day.
We are pleased to announce the official launch of the OHM-FRAX pool, as part of a partnership between OlympusDAO and FRAX Finance. Read on to learn more about what we are doing and why we are so excited.
Olympus and Frax are partnering for a dual-incentivized liquidity pool on Uniswap. That pool will consist of OHM and FRAX, and will be incentivized by OHM and FXS. You can find the portal to stake OHM-FRAX LP here.
Starting on Friday, Olympus will begin accumulating this pool through OHM-FRAX bonds. We will offer OHM at a discount in exchange for ownership of…
On May 7, 2021, the team proposed OIP-7: Version 1.1 to upgrade Olympus contracts to enable new functionality and facilitate V2 features. 99.97% of the Ohmies were for rolling out V1.1 contracts! This is a big step we are excited to take. A lot more functionality is opened up with this upgrade.
What do I need to do?
- Nothing! Maybe grab some bonds when they open if you want to.
What should I expect?
- DAI and SLP reserves will be removed from the current treasury and deposited into the new one
- New bonds will be halted on the current…
There are a few pain points in the original implementation of Olympus that we’d like to improve on with a new round of contracts. These will serve as a foundation for V2; these migrations need to happen anyways, and now they will be in place for new functionality. Check out what we’ve got.
There’s a few new things in the treasury. First and foremost, we have the ability to add new reserve and liquidity assets. That means we can start taking in new USD tokens, not just DAI, and new liquidity pairs, not just OHM-DAI. This whole…
Do the difficult things while they are easy and do the great things while they are small. A journey of a thousand miles must begin with a single step. -Lao Tzu
It’s hard to believe its been (only) a month since Olympus officially launched. From the gold standard to the post-launch pump (and subsequent dump), the rebirth of Fiskantes as Papa Fisk, countless ZADs and 2PM dumps, and even a period of stability, its been a wild ride. Though we’re only getting started, it’s good to look back and review our progress so far.
Olympus is an algorithmic currency protocol…
All the Ohmies are invited to the first-ever Fohmo virtual hangout to celebrate the one-month anniversary of OlympusDAO. The event will take place on our Discord on April 23, 2021, @ 6 PM EST / 10 PM UTC.
We will re-introduce OlympusDAO to the new Ohmies, highlight our awesome community, and review our growth over the past month. We will also speak about Bondai (DAI Bonds) at a high level and why we stepped away from the sales contract. In addition, we will introduce Hades, an attempt at on-chain privacy and talk about the future of OlympusDAO. Ohmies will also…
Bonds have gone quite well since they launched two weeks ago. So far, the treasury has amassed over 50% of the Sushiswap pool, bringing the market value of treasury assets over $6.5 million. However, only ~230k OHM have been minted in response. In this post, we will explore the capital efficiency tradeoffs of LP Bonds, and introduce DAI Bonds as a solution.
So you’re looking at OHM, right? You want in. The ohmies are lit, and you want to be one of them. But the price just looks too damn high. We get it, and maybe this will help.
Bond’s give you the opportunity to buy OHM from the protocol at a discount. In a lot of ways, they are similar to the sales platform we hope to roll out. There are just a few differences:
“Understanding the power of compound interest and the difficulty of getting it is at the heart and soul of a lot of things.”
- Charlie Munger
You may have seen the staking APY’s on OHM and thought, “there is no way this is possible.” It’s a natural reaction, and it stems from the fact that most of DeFi misunderstands and mislabels APY.
APY, or Annual Percentage Yield, is a measurement of compound interest. This is different from APR, or Annual Percentage Return, which is a measurement of simple interest (this is what you usually get). So, how do they differ?
A Decentralized Reserve Currency Protocol