Olympus v2. Price of cryptocurrency: $ 12.10102279

To learn more about this project, check out our deep dive of Olympus.
What is the name of the place?
The goal of the protocol is to become a stable coin. Since it uses reserve assets like DAI to manage its price, Olympus is more akin to a central bank. The goal is to maintain a floating price. OHM is backed but not pegged to a price, which is the biggest difference between OHM and stable coins. OHM's price floor is 1 DAI, but the treasury value is added to the price, making it almost a premium. OHM is different from other stable coins in that it issues OHM to buy assets and maintain a treasury.

Who are the people who founded Olympus?
The community of Olympus is governed by smart contracts, meaning it is run as a DAO.
The main code contributors have been "Zeus" and "Jeff Extor". Zeus is said to be a teenager with a charismatic personality.

What makes Olympus different?
One of the most interesting economic experiments in the Defi space is Olympus. When OHM is traded above the price floor of 1 DAI, Olympus buys back and burns OHM, and when it is traded below the price floor, it mints and sells new OHM. OHM is issued through a process. Users can sell their assets to the treasury and receive discounted OHM. They can also provide discounted OHM if they choose to do so.
Users can stake OHM to reduce the supply of OHM on the open market and create value for the protocol. At the time of writing, the note north of 7,000% APY is the highest note on Olympus, down from over 100,000% at the beginning of the protocol. The auto-compound is rewarded every eight hours. The goal of these high rewards is to reward users for accumulating more OHM, not for an appreciation of OHM in US dollars. The price of OHM could come down in dollar terms in the long run, according to the protocol.
Although it didn't have a use case, Olympus recently announced the launch of Olympus Pro.
Olympus has a strong marketing and meme game that allows it to build and grow one of the most vibrant communities in the space. The 3,3 meme is a simplified version of communicating that staking capital with the protocol is optimal for both parties involved.

There are related pages.
Ampleforth is an algorithmic stable coin.
TerraUSD is a stable coin on the Terra Blockchain.
Defi 101 is where you can learn about how datememe datememe works.
The latest trading insights and news can be found on the website.

How many OHM Coins are in circulation?
The total supply of OHM is not capped since it is intended to be a free-floating currency. The network has over 1.7 billion OHM staked. The team vested pOHM prior to the launch of the main OHM token in order to allow non-US users to participate in a private sale. The team can mint OHM for every p OHM that gets burned.
The team has 330m pOHM and 7.8% supply.
70m pOHM and 3% supply are owned by investors.
Advisors have 50m pOHM and 1% supply.


Is the network secure?
OHM is a token on the platform.
One of the most popular blockchains for DAOs is theEthereum, which is secured by a proof-of-work consensus mechanism that requires miners to mine new ether.

When will Olympus trading start?
Between March 12 and March 14th, 2021.

Where can you buy OHM?