Everything you need to know about OlympusDAO, OHM, gOHM, and Cooler Loans.
OlympusDAO is a decentralized reserve currency protocol built on Ethereum.
The protocol uses Treasury Reserves to back the OHM token, enabling long-term price stability. OlympusDAO does not target a fixed peg — instead, it uses RBS (Range-Bound Stability) mechanisms to maintain consistent value over time.
Cooler Loans let you borrow USDS against gOHM collateral directly from the OlympusDAO Treasury.
The loan terms are fixed: 0.5% annual interest rate, no liquidation risk based on price, and a perpetually renewable term. You can borrow up to 2,987 USDS per gOHM. Just connect your wallet on the Cooler Loans tab to get started.
gOHM is the governance-weighted and index-adjusted token of OlympusDAO.
When you wrap sOHM into gOHM, your balance stays fixed but its value grows with the staking index. gOHM is used as collateral in Cooler Loans, for cross-chain bridging, and for participating in on-chain governance votes.
OlympusDAO is governed by its community of gOHM holders through on-chain proposals.
Proposals start in the community forum, get refined through discussion, then proceed to an on-chain vote. Voting power is proportional to gOHM holdings. The Governance section of the app lets you browse active and past proposals and cast your vote.
OlympusDAO smart contracts have been audited by multiple independent security firms.
The protocol runs an active bug bounty program on Immunefi with significant rewards for critical findings. All audit reports are publicly available in the OlympusDAO documentation. Always use the official app and verify contract addresses before interacting.