OlyZaps: All-in-one swaps into sOHM

Lightning has struck again from Olympus — this time with a resounding ⚡ZAP⚡

Introducing OlyZaps: swap any asset into sOHM directly through the Olympus App

What Is OlyZaps

OlyZaps is a new feature in the Olympus App that introduces a “zapping” mechanism to provide easy access for staking or bonding OHM from any asset. Through collaborating with Zapper, this streamlined experience will save Ohmies time and effort by removing the need to go off platform to swap assets.

Zapping makes it easier for Olympus users to go from X to Y entirely within the Olympus app with:

  • X is a token already held
  • Y is the end result of staking (resulting in sOHM)
  • Bond zapping will also be available in a future release (resulting in sOHM after 5 days and a selected bond LP-pair.)

Why we’ve added OlyZaps

Everything the Olympus team creates is designed with the community in mind, OlyZaps is no different.

For the new Ohmies, Olympus can appear complex and challenging. To get OHM (or other assets to bond) you need to leave the Olympus app and buy OHM or other assets on a DEX, then return to the Olympus app to stake or bond. You no longer have to do this, thanks to OlyZaps! Our new Ohmies can stake and bond directly in the Olympus app in fewer steps and without having to leave Olympus’ app. Instead of buying or exchanging tokens to OHM then staking, ohmies can now do this all in one transaction using “zapping”, on the Olympus app.

For our dedicated Ohmies, OlyZaps helps with a more streamlined and efficient staking and bonding experience because they can now stake or bond in one transaction (rather than having to buy or transfer to a specific token type off the Olympus app, then stake or bond back on the app). This provides Ohmies with greater transparency into the total cost of gas, which is the same or slightly lower than before because there’s less exposure to gas price volatility in executing a single transaction through OlyZaps.

How OlyZaps Works

Check out OlyZaps in action:

To learn more, check out the OlyZaps GitBook documentation and FAQs page.

About Zapper

Zapper is an asset management platform for the decentralized economy. Their mission is to make Web3 accessible and easy to use. To advance this goal, they provide a dashboard that can be used to track and exchange >3000 digital assets, and they create and share educational resources on Zapper Learn to help demystify the complexities of the decentralized economy for newcomers. Read more about what a Zap is here.

Zapper is also very invested in amplifying the work of Web3 developers by integrating protocols with the Zapper dashboard, supporting builders who are using Zapper’s API, and advancing unique collaborative projects like OlyZaps.

Thanks to the Zapper team and OlympusDAO community for making this convenient feature possible.

Happy Zapping! ⚡

About Olympus

Olympus is a decentralized financial reserve that provides sustainable compounding interest through its community-owned and protected treasury.

Olympus | Twitter | Discord | Medium | Forum




$OHM is the decentralized reserve currency of DeFi. https://www.olympusdao.finance/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to install an SSL Certificate on Microsoft Azure?

HECO Grant Application Guidance

Code Smell 03 — Functions Are Too Long

Investigating Session in Python Flask-SQLAlchemy Query

First Day of the “IT Project Management” Masters programme

The MŌN App Launches to Prioritize Conversations on Sex & Sexuality

Succeeding (and Failing) As a Software Development Team

A cup of espresso in a clear cup sits next to a metal-framed laptop on a wooden desktop that has scratches and a leftover ring from a former coffee cup

Which packages are required to run a static binary in a Docker Image

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


$OHM is the decentralized reserve currency of DeFi. https://www.olympusdao.finance/

More from Medium

Introducing Olympus Give

The Agora Dispatch — Olympus Community Weekly Newsletter — Wednesday 1 December 2021

Anatomy of a Trade: How ReFi thinks about risk

Introducing The Farmers Market