hOHM Launches with Automated Leverage and Strong Initial Metrics

**Institutional capital returns to Olympus** A wallet deployed ~$1M into Convertible Deposits shortly after the market reopened, building a $4.7M position with a weighted conversion price of $20.42—well above OHM's current price and backing of $12.05. **Protocol metrics** - Weekly revenue: ~$49.5K (48% from sUSDe) - Backing: $12.05 per OHM - Buybacks: 985 OHM repurchased and burned (~$18K) via Yield Repurchase Facility **Governance updates** - [OCG #18](http://app.olympusdao.finance/#/dao/vote/18) passed unanimously, setting v1 migration cap at 102,397 OHM v1 - Price Feed Resilience v1.2 ([OIP-196](https://forum.olympusdao.finance/d/3850-oip-196-price-feed-resilience-v12)) now live—OHM prices from multiple feeds, filtering stale or deviant data Convertible Deposits function as auction-priced call options on OHM with downside protection.

OlympusDAO has opened a forum vote on **OIP-196**, a proposal to enhance price feed resilience for protocol contracts. **Key Details:** - The proposal focuses on improving price feeds used by protocol contracts, particularly for the OHM token (ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5) - Maintains **backwards compatibility** with the existing PRICE v1 interface - Enables PRICE to resolve assets from **multiple sources and strategies**, reducing single points of failure The community can participate in the discussion and vote at [the OlympusDAO forum](https://forum.olympusdao.finance/d/5351-oip-196-price-feed-resilience).

OlympusDAO has released an updated Pulse dashboard that provides deeper visibility into the protocol's financial operations. **Key Features:** - **Treasury Balance Sheet**: View complete assets and liabilities in real-time - **Protocol Flywheel**: Track the mechanism driving protocol growth - **System Status Monitoring**: Check operational state of Cooler, YRF, and CDs mechanisms The dashboard builds on the recent app redesign that consolidated all protocol functions into a single interface. Users can now access comprehensive treasury data and monitor each system's activity status (active, idle, or paused) from [app.olympusdao.finance/#/pulse/overview](https://app.olympusdao.finance/#/pulse/overview). This update enhances transparency by making the protocol's financial health and operational mechanisms more accessible to the community.

Olympus DAO has published its Weekly Pulse digest covering May 11-17, providing transparency into protocol operations. **Key metrics included:** - Protocol activities and revenue generation - Treasury health and balance sheet status - Capital deployment updates - Governance discussions The pulse dashboard offers detailed views of the treasury's assets, liabilities, and protocol mechanisms including Cooler, YRF, and CDs. Users can access the full breakdown at [app.olympusdao.finance](https://app.olympusdao.finance/#/pulse/overview).

Olympus DAO has published a new Request for Comment (RFC) proposing a framework to evaluate **tokenized real-world income assets** as a potential category for treasury backing. The proposal introduces criteria for assessing RWA investments that could diversify the protocol's treasury beyond traditional crypto assets. Active discussion is taking place in the community's Discord channel as members weigh the benefits and risks. This comes as tokenized RWAs reached $36B in 2025, though questions remain about infrastructure maturity and cross-chain compliance challenges. The framework aims to establish clear evaluation standards before any treasury allocation decisions. [View the full RFC](link)