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’s new automated $OHM v3 vault reaches $150k TVL, and more! 🧵/👇
OlympusDAO Opens Forum Vote on Price Feed Resilience Upgrade
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 Launches Enhanced Pulse Dashboard with Real-Time Treasury Analytics
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 Releases Weekly Pulse Dashboard Update
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 Explores Real-World Assets for Treasury Backing
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)
Crypto.com and Fidelity Compete for Same Federal Banking Charter
**Crypto.com and Fidelity are now direct competitors** for the same federal banking charter, marking a significant shift in the financial services landscape. - Both companies are seeking approval from the same regulator for identical services - This represents a convergence of traditional finance and crypto industries - The development highlights how crypto firms are increasingly pursuing traditional banking licenses **What this means:** The lines between traditional finance and crypto are blurring as established financial institutions and crypto-native companies compete on equal footing for regulatory approval.