Olympus DAO Expands to Berachain, Relaunches YRF

🐻 Bears, Bridges and Buybacks

By Olympus DAO
Feb 13, 2025, 4:31 PM
twitter
News article
Photo by Olympus DAO

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.​

Sources
Read more about Olympus DAO

🏛️ Olympus Deploys $10M Treasury Funds

**Olympus has deployed $10M from its treasury into sUSDe** following a successful governance vote. This strategic move aims to: - Strengthen Olympus backing through diversified assets - Generate returns for the protocol - Deepen collaboration with Ethena Labs **Key security details:** - Ethena confirmed USDe overcollateralization with ~$66M buffer - Independent third-party verification completed - Focus on transparency and sustainable DeFi growth The deployment represents Olympus's continued evolution toward **purpose-built treasury management**, moving beyond idle assets to strategic yield generation. [Learn more about Olympus](https://docs.olympusdao.finance/)

🏦 Coinbase DEX Adds OHM

🏦 Coinbase DEX Adds OHM

**OHM token gains Coinbase DEX support**, expanding access to millions of users through Base infrastructure. - **Progressive rollout** by geographic region currently underway - Integration provides **deeper liquidity** for the DeFi reserve currency - Backed by one of **DeFi's largest treasuries** - Strengthens OHM's presence where **retail meets institutional** infrastructure This follows previous Coinbase Wallet integration, marking another step in OHM's broader Coinbase ecosystem adoption. [Read full details](https://olympusdao.medium.com/coinbase-dex-supercharges-ohm-access-on-base-the-worlds-first-monetary-computer-powered-by-fc2d07e6ea41)

🏦 Rage Adds Middle Ground

**Rage** has added **1,500 $OHM tokens** to their treasury, positioning the asset as a strategic middle ground between volatile and stable holdings. The treasury now includes: - **wETH** (volatile asset) - **USDC** (stable asset) - **$OHM** (backed, liquid, uncorrelated) $OHM offers **backing and liquidity** while remaining **uncorrelated** to traditional volatile and stable assets, making it an attractive treasury diversification option. The move highlights growing institutional interest in **decentralized reserve currencies** as treasury management tools.

Cooler Metrics Dashboard Launch

Olympus DAO has launched their new Cooler Metrics Dashboard, providing enhanced transparency and data visualization for the protocol. Key Features: - Real-time protocol metrics - Comprehensive data tracking - User-friendly interface Access the dashboard at [Cooler Metrics](https://coolermetrics.olympusdao.finance) This release represents a significant step toward greater protocol transparency and accessibility for users.

Olympus DAO Launches .ohm Domain with Unstoppable Domains

Olympus introduces .ohm domains in partnership with Unstoppable Domains, offering community members a unique onchain identity. Key points: - Community members can now reserve their .ohm domains at [get.unstoppabledomains.com/ohm](https://get.unstoppabledomains.com/ohm/) - **Special distribution** planned for prominent contributors and ecosystem partners - Domains represent involvement in programmable onchain finance - Provides sovereign control over online identity The initiative aims to strengthen community recognition and advance onchain identity solutions.

DeFi