🔓 Olympus Cooler Loans Borrowing Cap Increases 8x

Olympus has released a redesigned application featuring three significant updates: **Pulse Dashboard** - Real-time protocol revenue tracking - Live operational status for all systems (YRF, Emission Manager, Cooler, CDs) - Systems display as active, idle, or paused with visible trigger thresholds - Live feed showing every on-chain action **Unified Interface** - Certificate of Deposits (CDs) integrated into main app sidebar - Shared wallet and workflow across all features **Engage Program (Coming Soon)** - New participation rewards system - Built around convOHM, an option token for purchasing $OHM below market price - CD activity earns Drachmas (points) convertible to convOHM

**Olympus DAO is redistributing gains from a token burn to Cooler loan holders.** - The OIP-191 burn of 596K OHM tokens increased backing per token from $11.59 to $12.10 in January - This created $0.49 of additional headroom that hadn't been allocated - **Proposal 14** (OIP-194A) will route these gains to Cooler holders over six months - The drip rate will accelerate from $0.10 to $0.82 per gOHM per day - On-chain execution vote scheduled for April 17-24 The proposal ensures that value created through the token burn flows back to protocol participants through increased loan-to-value ceilings.

**Cooler V2's Dynamic Borrowing Limits** Olympus's Cooler V2 lending market uses a parameter called **Origination LTV** to set maximum loan amounts per unit of gOHM collateral. This limit increases automatically over time through a mechanism called the "drip." **Key Features:** - The drip rate is controlled by governance votes - LTV can be raised through formal votes but cannot be lowered - Ensures predictable borrowing conditions for all users - Part of Cooler V2's perpetual lending system with 0.5% APR - No liquidations or expirations—loans remain active as long as interest is paid This structure allows borrowing capacity to expand gradually while maintaining protocol stability. All loans are issued directly from the Olympus Treasury, with interest payments flowing back into reserves. Learn more at [olympusdao.finance](https://olympusdao.finance)

**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.