Olympus DAO Expands to Berachain, Relaunches YRF

**OlympusDAO is preparing to launch Convertible Deposits**, a new financial product that activates idle stablecoin liquidity. **How it works:** - Deposit USDS stablecoins to receive two components - **Receipt tokens** (cdfUSDS) that can be used as collateral or redeemed 1:1 at maturity - **Conversion rights** to buy OHM at a fixed, discounted price before expiration **Key benefits:** - Stablecoin holders can borrow against their deposits while maintaining exposure - OHM supporters can lock in conversion prices and capture upside - Traders can arbitrage spreads on secondary markets The system keeps stablecoins productive while providing liquidity flexibility. Users can exit early with small fees or hold until maturity. [Read the full breakdown on Medium](https://olympusdao.medium.com/convertible-deposits-8dee6537932b)

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 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.

The highly anticipated Hive platform is now operational and accepting users. This follows the successful BeeOS mint that concluded on April 10th, reaching full capacity. Key Updates: - Platform is live and ready for user onboarding - All BeeOS mint participants can now access their positions - Next phase of development begins with community participation Early adopters who secured their position during the mint phase can now take their designated roles in the ecosystem.

Olympus announces strategic deployment of sUSDS into a Morpho Labs curated vault, backed by Pendle Principal Tokens (PTs). Key features: - Conservative 75% Loan-to-Value ratio with 91.5% liquidation threshold - Risk management collaboration with Gauntlet - Up to $30M phased deployment planned The vault enables structured lending against PT collateral, generating returns that strengthen OHM's liquid backing. This represents a shift from passive yield to active capital strategy. Previous deployments include 50M DAI allocations to Pendle markets, with PT-sUSDe-26Dec2024 fully utilized and PT-sUSDe-27Mar2025 showing 22M DAI available liquidity.