hOHM Launches with Automated Leverage and Strong Initial Metrics
hOHM Launches with Automated Leverage and Strong Initial Metrics
🤖 Robots Are Borrowing OHM
Origami has launched hOHM, powered by Olympus' Cooler V2 infrastructure. Key features:
- Automated leverage using treasury-backed credit
- Oracle-free, fixed-rate borrowing at 0.5% APR
- No liquidations or manual rebalancing required
First week performance:
- $32M Total Value Locked
- 2.34x effective exposure
- 523K in protocol-native buying power
The system automatically maximizes USDS borrowing and sweeps hOHM to increase gOHM exposure, all with reduced transaction overhead. Built on Olympus' permissionless infrastructure, this launch demonstrates new possibilities for DAOs and developers to create treasury-powered financial products.
Cooler Loans V2 launches soon. Perpetual borrowing at a 0.5% fixed rate with no price-based liquidations, managed through one dynamic loan position. Fully backed by the Olympus Treasury. Here’s what you need to know about this next evolution in protocol-native borrowing:
Welcome hOHM 🏛️
The wait is over. Welcome hOHM 🏛️
hOHM is live, built by Origami and powered by Olympus. It showcases what can be built using treasury-backed credit and oracle-free, fixed-rate borrowing. All on-chain, all composable. Join Origami this Friday at 8 PM UTC to dive into hOHM and building on Olympus:
Cooler Loans V2 has been submitted to Olympus On-Chain Governance. The proposal activates perpetual, fixed-rate borrowing, free from price-based liquidations and powered by the Olympus reserves, all managed through a single dynamic position. Vote starts in 2 days:
🏛️ 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
**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.