Olympus DAO News: Cooler Loans crosses $100M borrows, new $OHM v3 vault grows to $150k TVL
Olympus DAO News: Cooler Loans crosses $100M borrows, new $OHM v3 vault grows to $150k TVL
In the latest news from Olympus DAO community, Cooler Loans has reached over $100 million in borrows. The new automated $OHM v3 vault, provided by Mellow Protocol, has reached a total value locked (TVL) of approximately $150,000. Additionally, OIP-150, which proposes decentralized frontends for Olympus, has passed with an overwhelming majority vote. The Olympus frontend was unaffected by the recent security incident regarding Ledger. In a community-hosted space, discussions were held on liquidity rails and the set-it-and-forget-it, concentrated, automated $OHM - $USDC v3 strategy. Overall participation in governance is appreciated and encouraged.
Cooler Loans crosses $100M in borrows, @mellowprotocol鈥檚 new automated $OHM v3 vault reaches $150k TVL, and more! 馃У/馃憞
hOHM Launches with Automated Leverage and Strong Initial Metrics
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. [Learn more about hOHM](https://origami.finance/hohm/)
The Hive Launch Announcement
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 Deploys sUSDS in Morpho Labs Curated Vault
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.
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.