A paradigm shift in the way protocols utilize emissions to accrue value.
It all started with mining. The first coins were individual Proof of Work chains, which use block rewards to incentivize miners to maintain the chain and secure the network. Block rewards live on a perpetual emissions schedule; security is always needed for the network, and so the network always pays for security (though Bitcoin is designed to, one day, retire its block rewards in favor of a fee-based model).
Then came the ICO. Enabled by smart contract tokenization on Ethereum, new projects began offering their tokens in the…
July met and continued to exceed expectations. To get an idea of how the system is growing, let’s again review our protocol metrics.
First up we’ve got the Realized Value of the treasury. This number…
OHM, a better currency for the digital age.
The goal from the start has been to create a decentralized, free floating yet stable unit of account, designed to maintain the purchasing power of its users. To achieve this, OHM should be backed by a diverse and productive reserve of assets. Through designing such a currency, and achieving its vision, OHM would become the de facto reserve currency of DeFi.
To keep things simple, and allow for the system design to prove itself, Olympus started off with DAI. Once proven and with the full faith of its community behind it, Olympus…
A personalized Ohmie Card just for the Ohmies, by the Ohmies, available on Monday 19th @ 10AM EST.
The Ohmies have personalized roughly 390 Ohmie Cards and have space for 610 more to create an NFT painting of a total of 1000 Ohmie Cards. The Painting will be auctioned to one lucky individual on OpenSea and another will be sent to the OlympusDAO Treasury.
Join our Discord: discord.gg/olympusdao
June was a pretty great month. From the launch of the FRAX partnership, to FOHMO 2, to the continued development of the DAO, a lot is happening on Olympus. We’d like to take this opportunity to go over some protocol metrics for the month that we consider important.
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…