Olympus DAO

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 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 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 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 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.

Aave, a decentralized lending protocol, has reached $1 trillion in total loans originated since its launch. This milestone was achieved without traditional banking infrastructure: - No physical bank branches - No business hours or closing times - No loan officers or intermediaries The platform operates 24/7 through smart contracts, allowing users to borrow and lend cryptocurrency assets directly. This represents a significant benchmark for decentralized finance (DeFi) protocols in providing financial services outside the traditional banking system.

Olympus has executed open market buybacks of **27,621.48 OHM** at an average price of **$17.57 per token** under OIP-192. **Key Metrics:** - Year-to-date buybacks: 352,779 OHM - Lifetime total: 11,834,034 OHM - Funding source: Yield from staked treasury position The Yield Repurchase Facility (YRF) continues its programmatic approach, automatically adjusting buyback volume based on market conditions. The protocol previously demonstrated this mechanism during price compression in early February, when daily purchases peaked at 980 OHM on February 1st.

**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)

**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/)

**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)