🗳️ Olympus DAO Votes on Multi-Source Price Feed Upgrade
🗳️ Olympus DAO Votes on Multi-Source Price Feed Upgrade
🗳️ Price Feed Overhaul
OIP-196 is live on Snapshot until June 14, proposing a critical upgrade to Olympus protocol's price feed infrastructure.
Key improvements in PRICE v1.2:
- Aggregates data from multiple oracle providers (Chainlink, API3, Uniswap, Redstone)
- Implements deviation-based filtering to reject outlier prices
- Features fail-closed behavior to handle isolated feed failures
- Maintains backwards compatibility with existing policies
The upgrade specifically strengthens price feeds for OHM (ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5), addressing one of the protocol's most critical infrastructure components. Downstream systems like Operator, Yield Repurchase Facility, and Emission Manager will continue functioning without modification.
OIP-196 is now live on Snapshot (voting ends June 14). It hardens one of the most load-bearing parts of the protocol... the price feeds (particularly for ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5). The upgraded PRICE v1.2 will pull from multiple feeds across
OHM Expands Convertible Deposits to $60M Cap with New 6-Month Term
**Convertible Deposit Expansion** OlympusDAO approved a configuration update for institutional Convertible Deposits (CDs): - $USDS deposit cap increased from $10M to $60M - New 6-month term option added - Minimum bid set at $100K CDs function as auction-priced, downside-protected call options on $OHM - users deposit stablecoins to lock in a conversion price, then choose to convert to $OHM or withdraw their deposit. **Treasury & Operations** - Weekly revenue: ~$52.6K (up from $42.5K) - Roughly half of revenue from $sUSDe - Backing maintained near $12.00 per OHM - 1,012 $OHM ($18.4K) repurchased via Yield Repurchase Facility **Bridge Security Progress** The LayerZero bridge security upgrade moved from community discussion to formal proposal (OIP-197). The upgrade includes four-party verification for cross-chain messages, per-route transfer caps, and Ethereum supply reconciliation.
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).