Executive Summary: What Is Olympus (OHM)?
In this article, I explain Olympus, a DAO building a decentralized global currency. I cover how it allows staking and bonding OHM tokens, its innovations like protocol-owned liquidity, use of calculators, and adoption of the (3,3) meme.
Summary: The article provides a framework for fundamental analysis and valuation of crypto assets, explaining key concepts like network effects, tokenomics, and market metrics, and walking through a 5-step process to assess a protocol's value.
What is Olympus:
- Decentralized organization building a global currency.
- Governed by OHM token holders.
How it works:
- Users can stake OHM to earn auto-compounding rewards.
- Or bond assets like stablecoins to get discounted OHM from the protocol.
Unique features:
- Pioneered protocol-owned liquidity instead of incentives.
- Acquires assets to back OHM, creating a price floor.
- Staking mechanism incentivizes long-term holdings.
Other aspects:
- Originated by an anonymous founder called Zeus.
- OHM staking calculator helps model future yields.
- (3,3) meme signifies commitment to the protocol.
Full article:
What Is Olympus (OHM)? | CoinMarketCap
Olympus is run as a DAO and aims to create a decentralized cryptocurrency that can be a global medium of exchange.
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