OlympusDAO Convertible Deposits Proposal Goes Live for Community Vote
OlympusDAO Convertible Deposits Proposal Goes Live for Community Vote
🗳️ OlympusDAO voting begins
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.
The OCG proposal to activate Convertible Deposits (CDs) is now LIVE & voting starts in 3 days. CDs transform idle stablecoins into productive, flexible capital while preserving stability and giving users the choice to convert into $OHM. Cast your vote: app.olympusdao.finance/#/governance/p…
🏛️ 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.