Coinbase DEX Supercharges $OHM Access on Base — The World’s First Monetary Computer, Powered by the People
Coinbase has expanded decentralized exchange access on Base, enabling a wider range of participants to officially interact with DeFi assets. As part of this expansion, Coinbase’s DEX now supports $OHM, the native token of the Olympus protocol, bringing one of DeFi’s largest treasury-backed assets into its ecosystem.
Olympus maintains one of the top ten largest treasuries in decentralized finance, with all circulating $OHM backed by verifiable, productive on chain reserves. The core protocol operates on Ethereum mainnet, where its treasury, policy mechanisms, and credit layer function transparently on chain. Purchasing $OHM on Base provides exposure to the Olympus ecosystem and its integrated systems.
Olympus has maintained operational stability through multiple market cycles, including the previous bear market, and continues to operate with the same on chain policy structure & continued success.
The Olympus Advantage
Olympus combines one of DeFi’s largest on-chain treasuries with a set of purpose-built monetary systems (autonomous smart-contracts) that work together to maintain market access, manage supply, and provide protocol-native credit. These core capabilities form the foundation of $OHM’s design and define both how the protocol operates across market cycles and how a modern, on-chain monetary system can function.
- Treasury Backed: Each $OHM is backed by productive assets held in the Olympus Treasury
- Liquidity Availability: Olympus deploys protocol owned liquidity across multiple trading pairs and networks
- Policy Driven Stability Mechanisms: Olympus actively manages $OHM’s supply and backing through on-chain tools such as Reserve Bonds, Inverse Bonds, and the Yield Repurchase Facility. These mechanisms enable the protocol to expand reserves during high demand, reduce supply during market contractions, and continuously recycle treasury yield back into the system. Smart money requires smarter systems, and that’s exactly what Olympus has built.
- Credit Layer: Cooler Loans V2 offers a record low, perpetual, 0.5% fixed interest rate, price-base liquidation free borrowing against $gOHM (Olympus’s governance token), fully backed by the Olympus Treasury.
What’s on the Horizon: Convertible Deposits (CDs)
Alongside the Coinbase DEX listing, Olympus is preparing to launch Convertible Deposits (CDs) on Ethereum Mainnet, a new mechanism that lets users put their idle stablecoins to work while maintaining exposure to OHM.
With Convertible Deposits, depositors receive a receipt token ( cdfUSDS-[Deposit Period] ) that can be redeemed for stablecoins at maturity, reclaimed early with a small fee for instant liquidity, or even used ascollateral to borrow against. They also gain a Conversion Right, which enables conversion into OHM at a predefined price any time before expiry. By default this right is non-transferable, but it can be wrapped into an NFTand used in other DeFi applications or traded on secondary markets.
This design not only combines stability, liquidity, and potential exposure to OHM upside, it also creates natural arbitrage opportunities. Traders and liquidity providers can step in to buy receipt tokens at a discount on secondary markets, hold them through maturity, and redeem for full value or speculate on Conversion Rights in secondary DeFi markets. These dynamics make CDs valuable to depositors, traders, and the broader ecosystem while strengthening the Olympus treasury.
Stay tuned, a full Medium article diving deep into Convertible Deposits will be released soon.
What this means
The Base listing introduces $OHM to one of the largest and most institutionally recognized audiences in the space through Coinbase’s decentralized exchange. This creates new opportunities for utility, integration, and treasury use on Base, while maintaining direct connection to a protocol backed by one of DeFi’s largest on-chain treasuries.
With this integration, users can:
- Acquire $OHM directly on Base through Coinbase’s Official DEX
- Use $OHM as collateral in compatible DeFi applications
- $OHM purchased on Base is backed by the same on-chain reserves as Ethereum Mainnet $OHM, and can be bridged to Ethereum to interact with Cooler Loans V2, Bonding, and other treasury-integrated functions
- Incorporate $OHM into Base-native DeFi strategies through composable smart contracts
- Hold $OHM in a protocol or DAO treasury as a reserve-backed asset
- Create or participate in trading pairs that include $OHM to expand liquidity options on Base
The Coinbase DEX listing connects one of the largest user bases in cryptocurrency to a complete on chain monetary framework backed by significant reserves, battle-tested by time and governed by its community.
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