Olympus DAO Community Announcement
Olympus DAO Community Announcement
The Olympus DAO community advises using the Olympus native bridge when moving $OHM to Arbitrum. The official Arbitrum bridge mints an illiquid version of OHM and can take 7 days to retrieve back to the mainnet. The address for Arbitrum $OHM is 0xf0cb2dc0db5e6c66B9a70Ac27B06b878da017028.
Olympus Becomes Largest Briber on Berachain with 6,900 OHM BGT Incentive
Olympus has established itself as the dominant briber on Berachain, launching a BGT Incentive Bribe of 6,900 OHM. This follows their strategic deployment on Berachain which included: - Launch of multiple specialized multisigs - Deployment of Olympus V3 Stack with OHM Bridge via LayerZero - Transfer of 250k OHM and $2M in stables for OHM/HONEY liquidity on KodiakFi - Acquisition of 1% (5M) BERA supply for staking in Infrared Finance and Honeyjar LSTs The protocol has also reactivated its Yield Repurchase Facility on Mainnet, now operating perpetually under OIP-174 to buy back and retire OHM using treasury yield. [View BGT Incentive Details](https://hub.berachain.com/vaults/0x815596fa7c4d983d1ca5304e5b48978424c1b448/)
Olympus DAO Expands to Berachain, Relaunches YRF
Olympus DAO has expanded to Berachain with several key developments: - Deployed Olympus V3 Stack with OHM Bridge via LayerZero - Transferred 250k OHM and $2M in stables for OHM/HONEY liquidity on KodiakFi - Secured 1% (5M) BERA supply for staking in InfraredFinance and HoneyJar LSTs The Yield Repurchase Facility (YRF) has been reactivated on mainnet with OIP-174 support. This mechanism uses treasury yield from Sky Savings Rate and Cooler Loan interest to buy back and retire OHM supply continuously.
Olympus Launches Two New Systems: YRF and Emissions Manager
Olympus has activated two new systems following OIP-168 & 171: - **Yield Repurchase Facility (YRF)**: Evaluates protocol yield and Cooler Loans interest weekly. Creates bond markets via Axis Finance to bid OHM for USDS, with OHM redeemed at 11.33 USDS daily. - **Emissions Manager (EM)**: Controls OHM emission rate based on: 1. Premium to backing above OCG variable (100% at launch) 2. Circulating supply ratio (0.0002 at launch) RBS has been temporarily deactivated to prevent system overlap. Community recently approved YRF continuation for three months.
OIP-163: The Framework Update
OIP-163, known as The Framework, has been successfully implemented since August 13. Key highlights: - Treasury DSR yield used to repurchase OHM - 490k DAI (6 weeks yield) funded the program - ~125k OHM acquired using DAI and Cooler loans - Net increase of 87 ETH (~$220k) in Protocol Owned Liquidity (POL) - Program currently profitable by $140k-$360k - ~0.8% of circulating supply retired - 10% (in ETH) added to OHM/ETH LP The Framework has proven to be a capital-efficient method to shift reserves to liquidity without reducing backing. Next week's focus: OIP-165 - The Framework Yield Repurchase Facility (YRF), an improved process in partnership with @axis_fi Bond Markets. This update demonstrates Olympus DAO's ongoing efforts to optimize treasury management and enhance protocol value.