Background

Olympus DAO

$OHM is the decentralized reserve currency of DeFi.

Integrationstwitter

Olympus DAO selects pOHM as pairing for pbaoUSD

Mon 11th Mar 2024
Olympus DAO has chosen pOHM as the pairing for pbaoUSD due to its frequent price changes within set limits, which help minimize impermanent loss and maximize fees. This selection aims to create a perfect partnership for a new high-yield flywheel, where more fees lead to more rewards, liquidity, and ultimately, more fees.

Governance Updates on Olympus DAO

Thu 7th Mar 2024
The 2024 Budget Proposal and Funding Request are live on Snapshot. An offer for Security and Risk Detection and Prevention from Hypernative is on the forums. Additionally, a proposal for Q2 FY24 Layer 2 POL / Liquidity Plans on Arbitrum is under discussion.
Community article

New DeFi Volatility Primitive $ODIN Introduced by OlympusDAO

Mon 4th Mar 2024
OlympusDAO has introduced a new unique DeFi volatility primitive called $ODIN, in collaboration with Peapods Finance. This primitive leverages the power of OlympusDAO to farm volatility from odins liquidity network comprising of 10 LPs, all of which are burned. The $pOHM / $pODIN pair is now live, inviting users to join them in Valhalla.
Community article

Range Bound Stability (RBS) activity in Olympus DAO

Thu 29th Feb 2024
Range Bound Stability (RBS) is buying and selling $OHM to maintain a range within Olympus DAO.

Caution: @ohmzeus's Account Compromised with No Airdrop

Mon 26th Feb 2024
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.

Update on Olympus DAO Incident: Funds Safe and Majority Returned

Mon 26th Feb 2024
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.

33,333 $PEAS Burned Forever in Olympus DAO Community

Thu 22nd Feb 2024
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.

Deprecated Boosted Liquidity Vaults to be Closed for RBS 2.0 Implementation

Thu 8th Feb 2024
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.

New RFC on the Forums

Thu 8th Feb 2024
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.

Olympus DAO Reports RBS's Target Price Increase

Thu 8th Feb 2024
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.
Community article
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