Olympus DAO

Range Bound Stability (RBS) is buying and selling $OHM to maintain a range within Olympus DAO.

On February 23, it was reported that @ohmzeus's account was compromised. It is advised to be cautious as there is no airdrop associated with this incident.

Olympus DAO reaffirms that deposited funds are safe, with only three markets affected and the majority already refunded. Validator payment loss amount is 91 ETH, efforts to fully repay users are ongoing, and the protocol is currently paused.

Liquidity providers using $pOHM have burned 0.33% of the $PEAS supply through arbitrage fees. In addition, over 3% of $PEAS has been market bought and distributed to LPs as yield. This contributes to #VolatilityFarming and the deflationary nature of the project.

Olympus DAO community has announced that Boosted Liquidity Vaults (BLVs) with non-zero balances will be closed to facilitate the implementation of RBS 2.0. The addresses with non-zero balances, including the Lido wstETH vault, have been listed. Users are advised to close their positions and can seek assistance on the Discord channel.

The @CIAN_protocol is requesting comments on a new vault proposal that allows OHM holders to earn yield through DSR (sDAI) and LST hyperstaking (wstETH) while preserving their initial price exposure.

According to Olympus DAO, RBS's Target Price has moved up for the first time. It has been $12.28 for a while, but now with the 30 Day SMA moving up, it is expected to reach $12.29. The target price is expected to increase every eight hours as long as the upper cushion is maintained.

Almost 75% of the Green Arrow pods have selected $pOHM as their strategic LP pair, according to Olympus DAO. #VolatilityFarming. R to @OlympusDAO.

A governance update has been posted on the forums regarding the implementation of Governor Bravo with custom quorum parameters and a two-stage implementation. The first stage aims to be completed by the end of January and the second stage by Q3 2024. Community members are encouraged to share their thoughts and comments on this proposed protocol change.

Olympus DAO is launching an educational campaign called 'Choose Your OHM Adventure' that aims to explore the possibilities of OHM in decentralized finance. OHM represents stability, predictable value, and wisdom in the world of DeFi. Participants can embark on a journey of self-discovery and understanding, encountering different facets of DeFi and using OHM to unlock new doors. This interactive campaign provides an opportunity to learn, engage, and participate in the narrative of decentralized finance.