🏛️ Olympus Deploys $10M Treasury Funds
🏛️ Olympus Deploys $10M Treasury Funds
🏛️ Olympus Makes Bold Move
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.
Olympus has deployed $10M from the Treasury into sUSDe following the passed governance vote. This strengthens Olympus’ backing through diversified, return-generating assets and deepens collaboration with @ethena_labs to advance transparency and sustainable DeFi growth.
OlympusDAO Convertible Deposits Proposal Goes Live for Community Vote
**OlympusDAO's Convertible Deposits proposal is now live** with voting beginning in 3 days. **What are Convertible Deposits?** - Transform idle stablecoins into productive, flexible capital - Preserve stability while offering conversion options to $OHM - Users receive receipt tokens and conversion rights when depositing stablecoins **Key Features:** - Receipt tokens can be used as collateral or traded - Conversion rights allow purchasing $OHM at predetermined prices - Provides liquidity without exiting positions **Benefits for different users:** - Stablecoin holders can earn yield and access liquidity - $OHM supporters lock in fixed conversion prices - Traders can capture arbitrage opportunities The proposal aims to activate idle capital while reinforcing the Olympus treasury. [Cast your vote](https://app.olympusdao.finance/#/governance/proposals/12) | [Learn more about Convertible Deposits](https://olympusdao.medium.com/convertible-deposits-8dee6537932b)
🏦 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.