About OlympusDAO
The Decentralized Reserve Currency Protocol
OlympusDAO is pioneering a new model for decentralized finance — a protocol-owned, treasury-backed reserve currency designed to deliver long-term value, price consistency, and community governance on Ethereum.
Our Mission
Building a Stable, Sovereign Currency for DeFi
OlympusDAO was created with a singular vision: to establish a free-floating reserve currency that is not pegged to any fiat asset, yet maintains purchasing power and stability through deep treasury reserves and algorithmic supply management.
Unlike algorithmic stablecoins that rely on market confidence alone, OlympusDAO backs every OHM token with a basket of assets held in the Protocol Treasury. This intrinsic value floor gives OHM a fundamental backing that can grow over time, independent of speculative demand.
"The goal is not to be pegged to the dollar. The goal is to be better than the dollar — backed by real assets, governed by the community, and designed to hold value across market cycles."
By aligning the incentives of token holders, liquidity providers, and the protocol itself, OlympusDAO creates a self-sustaining monetary system capable of functioning across multiple market conditions.
Key Highlights
Protocol at a Glance
Treasury Mechanics
How the OlympusDAO Treasury Works
The OlympusDAO Treasury is the backbone of the entire protocol. It accumulates assets through bond sales, protocol revenue, and yield generation. These assets create a reserve floor — a minimum value that each OHM token is backed by.
When OHM trades above its backing, the protocol mints new OHM to grow reserves. When OHM trades below its backing, the treasury can buy back and burn OHM, supporting the price. This dual mechanism creates a powerful range-bound stability system over time.
Protocol-Owned Liquidity
OlympusDAO owns the majority of its own liquidity through bonding. This eliminates mercenary liquidity risks and ensures the protocol always has deep, stable trading pairs.
Asset-Backed Reserves
The treasury holds diversified assets — stablecoins, yield-generating tokens, and blue-chip crypto — to maintain a growing intrinsic value floor for each OHM in circulation.
Emission Manager
The Emission Manager controls the rate at which new OHM enters circulation, balancing growth incentives with long-term supply sustainability and treasury health.
Cooler Loans
Borrow USDS stablecoins against your gOHM collateral at a fixed 0.5% interest rate directly from the OlympusDAO Treasury, with no liquidation risk for standard positions.
OHM Token
Understanding the OHM & gOHM Tokens
OHM is the native reserve currency token of the OlympusDAO protocol. It represents a share of the OlympusDAO Treasury, with each token backed by a basket of assets. Unlike USD-pegged stablecoins, OHM floats freely above its backing, rewarding long-term holders and the protocol community.
gOHM (Governance OHM) is the wrapped, index-adjusted version of staked OHM (sOHM). It automatically accumulates rebase rewards and is used as the primary collateral for Cooler Loans and governance voting. Holding gOHM means your position grows with each rebase without requiring any manual action.
OHM — Reserve Currency
The base token. Backed by treasury assets, mintable by the protocol through bonding and emissions, and burnable through buybacks. Used for liquidity and ecosystem participation.
sOHM — Staked OHM
Stake your OHM to receive sOHM. sOHM automatically rebases, increasing your balance with each epoch as the protocol distributes rewards to stakers from treasury yield.
gOHM — Governance OHM
Wrap sOHM into gOHM for a non-rebasing, index-adjusted token. Use gOHM as collateral for Cooler Loans, participate in governance votes, or bridge across chains.
Price Backing Floor
The OlympusDAO Treasury sets a Risk-Free Value (RFV) floor — the minimum assets backing each OHM. This intrinsic value grows over time as treasury revenue compounds.
Governance
OlympusDAO Community Governance
OlympusDAO is governed by its community of OHM and gOHM holders. Every significant protocol change — from treasury allocations and new bond types to fee structures and partnerships — is subject to community discussion and on-chain voting.
The governance process is designed to be transparent, inclusive, and progressive. Proposals begin in the community forum, move to temperature checks, and finalize through binding on-chain votes where gOHM holders cast their votes proportionally to their holdings.
Forum Discussion
All major proposals begin with open discussion on the OlympusDAO governance forum, where community members can share feedback, ask questions, and refine ideas collaboratively.
Temperature Check
Before a full vote, proposals undergo a temperature check to gauge community sentiment and ensure sufficient interest and support for moving forward to a binding vote.
On-Chain Vote
Binding governance votes occur on-chain. gOHM holders vote proportionally to their holdings. Passed proposals are implemented by the policy team or through smart contract execution.
Protocol History
The OlympusDAO Journey
Community & Team
Built by the Community, for the Community
OlympusDAO is a fully decentralized protocol. The core development, policy, and operations are conducted by a distributed team of contributors who are themselves OHM holders, aligned with the long-term success of the protocol. There is no venture capital ownership or centralized corporate structure.
The OlympusDAO community — known as Ohmies — is spread across the globe and participates in everything from protocol development to community education and ecosystem growth. Join thousands of Ohmies on Discord, the governance forum, and social channels.
Development Team
Smart contract engineers and frontend developers building and maintaining the OlympusDAO protocol and application.
Policy Team
Researchers and analysts managing treasury allocation, monetary policy, and protocol parameter optimization.
Operations Team
Coordinators overseeing partnerships, community management, communications, and day-to-day protocol operations.
Community Contributors
Thousands of active Ohmies who contribute to governance, content, translations, tooling, and ecosystem development.
Security
Security First: Audits & Bug Bounty
Security is a top priority for OlympusDAO. All smart contracts undergo rigorous third-party audits before deployment. The protocol maintains an active bug bounty program through Immunefi with significant rewards for responsible disclosure of critical vulnerabilities.
The OlympusDAO contracts have been audited by leading blockchain security firms. Protocol changes and upgrades follow a multi-sig governance process that requires community approval and time-lock delays before execution.
Third-Party Audits
All major contracts and protocol upgrades are audited by reputable smart contract security firms before going live on mainnet.
Immunefi Bug Bounty
An active bug bounty program on Immunefi offers substantial rewards for security researchers who identify and responsibly disclose vulnerabilities.
Multi-Sig Governance
Critical protocol functions require multiple signatures from community-elected guardians, preventing unilateral control by any single party.
Time-Lock Delays
All governance-approved changes are subject to time-lock delays, giving the community time to review and respond before execution.
Ecosystem
The OlympusDAO Ecosystem
OlympusDAO has grown into a rich ecosystem of products, integrations, and community initiatives. From on-chain lending to cross-chain bridging, the protocol continues to expand its utility while staying grounded in its core mission of building a decentralized reserve currency.
Cooler Loans
Borrow USDS against gOHM at 0.5% fixed interest with no liquidation risk. Available directly through the OlympusDAO app.
Convertible Deposits
A structured deposit product enabling participants to deposit capital into the OlympusDAO Treasury with defined terms and conversion options.
Bridge
Move gOHM seamlessly across supported EVM chains, expanding the reach of OlympusDAO assets beyond Ethereum mainnet.
Protocol Metrics
Real-time dashboards tracking treasury composition, OHM supply, backing per OHM, and all key protocol health indicators.
Join the OlympusDAO Community
Whether you're a DeFi native or just discovering the world of decentralized reserve currencies, OlympusDAO has something for you. Explore the app, borrow against your gOHM, participate in governance, or simply hold OHM and watch the treasury grow.