Olympus v2

To find out even more about this project, check out our deep dive of Olympus.

"What’s the project about?

Olympus is a decentralized financial (DeFi) protocol building programmable monetary infrastructure. At its core is OHM, a treasury-backed token held and managed on-chain.

The protocol is built for solvency, self-sustaining liquidity, and policy-driven equilibrium. This guides how value, liquidity, and credit are managed, through on-chain mechanisms including Protocol Owned Liquidity (POL), Cooler Loans, Convertible Deposits (CDs), the Yield Repurchase Facility (YRF), and Range Bound Stability (RBS).

Together, these components form a programmable central bank, without human bias.

What makes your project unique? Most crypto tokens are either network assets (ETH, BTC), stablecoins (USDC, USDS), or unbacked meme coins. OHM is none of these. It’s a free-floating money backed by productive assets.

The protocol operates through three layers: a treasury backed by productive assets, a policy engine managing supply algorithmically, and a governance system controlled by token holders.

OHM maintains a treasury-backed floor while allowing market appreciation. The system absorbs economic shocks through supply changes rather than having all forces hit price directly, expanding when demand is high and contracting when demand falls.

History of your project? Olympus launched in 2021 to address a gap in crypto: the industry had built sophisticated platforms, but the tokens themselves remained simple assets with static supplies. Olympus was designed as a monetary system with programmable policy with treasury backing.

Olympus introduced Protocol Owned Liquidity (POL), a model where the protocol itself holds liquidity positions rather than incentivizing external providers. In 2022, the system transitioned to gOHM, improving composability with other DeFi protocols. This led to many ecosystem partnerships across lending, yield, and liquidity platforms.

Subsequent development introduced Cooler Loans, a fixed-rate lending facility; the Yield Repurchase Facility, which systematically buys back supply using treasury yield; and Convertible Deposits, a mechanism for treasury expansion. Range Bound Stability (RBS), when active, can programmatically open and close bond markets.

What’s next for your project? Today OHM is deployed on Ethereum mainnet and several additional L1 and L2 networks, including Arbitrum, Base, Berachain, and Solana. Olympus is continuing to expand its monetary infrastructure across multiple areas: cross-chain deployment, treasury diversification, Cooler Loans capacity expansion, Convertible Deposits growth, institutional partnerships, and ecosystem integrations.

The protocol architecture supports different operational modes. As adoption grows, the system can progressively shift from growth-oriented to stability-oriented configurations using the same underlying infrastructure. The roadmap is governed by gOHM holders through on-chain governance.

What can your coin/token be used for? OHM is the liquid, base-layer token of the Olympus ecosystem. It functions as a unit of account paired against decentralized assets across DeFi, and as trusted collateral deposited into protocol treasuries. OHM is suited for trading and liquidity provision on platforms including Uniswap, Curve, and Balancer.

OHM can be wrapped into gOHM for governance participation and access to Cooler Loans, allowing holders to unlock liquidity without selling their tokens. Loans are perpetual with a fixed rate and no price-based liquidations.

Convertible Deposits allow users to deposit stablecoins in exchange for future a token redeemable at maturity, plus an optional right to purchase OHM at a fixed strike price. The Yield Repurchase Facility uses treasury yield to reduce circulating supply."