OlympusDAO Overview
- What is OlympusDAO?
Olympus DAO operates a DeFi platform that focuses on supporting OHM, a treasury-backed token designed to function as a versatile, smart money solution on the Ethereum network. OHM is not pegged to any fiat currency but is instead supported by a treasury that ensures its value and liquidity. This innovative approach allows the protocol to own and manage its liquidity, reducing dependence on external liquidity providers and enhancing stability.
- Main Features
- Protocol Owned Liquidity (POL)Enables users to take out loans against their OHM holdingsOn-chain governanceProvide a stable yet flexible financial systemRange bound stability
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