hOHM Launches with Automated Leverage and Strong Initial Metrics
hOHM Launches with Automated Leverage and Strong Initial Metrics
🤖 Robots Are Borrowing OHM
Origami has launched hOHM, powered by Olympus' Cooler V2 infrastructure. Key features:
- Automated leverage using treasury-backed credit
- Oracle-free, fixed-rate borrowing at 0.5% APR
- No liquidations or manual rebalancing required
First week performance:
- $32M Total Value Locked
- 2.34x effective exposure
- 523K in protocol-native buying power
The system automatically maximizes USDS borrowing and sweeps hOHM to increase gOHM exposure, all with reduced transaction overhead. Built on Olympus' permissionless infrastructure, this launch demonstrates new possibilities for DAOs and developers to create treasury-powered financial products.
Cooler Loans V2 launches soon. Perpetual borrowing at a 0.5% fixed rate with no price-based liquidations, managed through one dynamic loan position. Fully backed by the Olympus Treasury. Here’s what you need to know about this next evolution in protocol-native borrowing:
Welcome hOHM 🏛️
The wait is over. Welcome hOHM 🏛️
hOHM is live, built by Origami and powered by Olympus. It showcases what can be built using treasury-backed credit and oracle-free, fixed-rate borrowing. All on-chain, all composable. Join Origami this Friday at 8 PM UTC to dive into hOHM and building on Olympus:
Cooler Loans V2 has been submitted to Olympus On-Chain Governance. The proposal activates perpetual, fixed-rate borrowing, free from price-based liquidations and powered by the Olympus reserves, all managed through a single dynamic position. Vote starts in 2 days:
🏛️ OlympusDAO Proposes $10M USDe Liquid Leverage Strategy on Aave
OlympusDAO has published **OIP-195** on their governance forum, proposing a new yield enhancement strategy. **Key Details:** - Deploy **$10M USDe** into Aave liquid leverage positions - Strategy maintains **no directional market exposure** - Net yield flows to the **Yield Reserve Fund (YRF)** for OHM buybacks - Operates within the **OIP-190 framework** with established risk parameters **Risk Management:** The deployment includes: - Predefined hurdle rates - Clear exit conditions - Liquidity floor requirements This proposal aims to generate sustainable yield for the protocol while maintaining conservative risk management through the existing OIP-190 governance structure. [Read the full proposal](https://forum.olympusdao.finance/d/5272-oip-195-aave-liquid-leverage-campaign-usde-yield-enhancement)
🏦 OIP-194 Speeds Up Backing Increases and Expands Capital Intake
**OIP-194 is heading to Snapshot vote this week** after being posted on the Olympus DAO forum. Following OIP-191's implementation, backing per OHM has increased. The new proposal introduces three key changes: - Accelerates how quickly backing increases translate to borrowing capacity - Expands the protocol's ability to accept new capital - Upgrades the buyback execution mechanism The proposal builds on recent improvements to the protocol's treasury management and aims to enhance capital efficiency for OHM holders.
Crypto.com and Fidelity Compete for Same Federal Banking Charter
**Crypto.com and Fidelity are now direct competitors** for the same federal banking charter, marking a significant shift in the financial services landscape. - Both companies are seeking approval from the same regulator for identical services - This represents a convergence of traditional finance and crypto industries - The development highlights how crypto firms are increasingly pursuing traditional banking licenses **What this means:** The lines between traditional finance and crypto are blurring as established financial institutions and crypto-native companies compete on equal footing for regulatory approval.
Aave Reaches $1 Trillion in Total Loans Originated
Aave, a decentralized lending protocol, has reached $1 trillion in total loans originated since its launch. This milestone was achieved without traditional banking infrastructure: - No physical bank branches - No business hours or closing times - No loan officers or intermediaries The platform operates 24/7 through smart contracts, allowing users to borrow and lend cryptocurrency assets directly. This represents a significant benchmark for decentralized finance (DeFi) protocols in providing financial services outside the traditional banking system.
Olympus Completes 27,621 OHM Buyback at $17.57 Average Price
Olympus has executed open market buybacks of **27,621.48 OHM** at an average price of **$17.57 per token** under OIP-192. **Key Metrics:** - Year-to-date buybacks: 352,779 OHM - Lifetime total: 11,834,034 OHM - Funding source: Yield from staked treasury position The Yield Repurchase Facility (YRF) continues its programmatic approach, automatically adjusting buyback volume based on market conditions. The protocol previously demonstrated this mechanism during price compression in early February, when daily purchases peaked at 980 OHM on February 1st.