Olympus
ClaimOlympus is a decentralized finance protocol on the Ethereum network that issues and manages OHM, a free-floating token backed by a treasury of assets.
Key numbers · TVL $236M · per DefiLlama · updated Sep 23
Overview
Olympus operates a set of on-chain mechanisms to manage the supply, liquidity, and credit functions of OHM. The protocol uses tools such as Protocol Owned Liquidity, the Emissions Manager, Cooler Loans, and Convertible Deposits to maintain treasury growth and market liquidity. Cooler Loans allow OHM holders to borrow up to 95% of the liquid backing of their OHM at a fixed 0.5% interest rate with no price-based liquidations. OHM holders can also participate in on-chain governance to vote on protocol upgrades, collateral management, and monetary policy.
Recent activity
Cooler Loans enables borrowing against OHM's liquid reserves with perpetual loans at a 0.5% fixed interest rate.
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Cooler Loans allows borrowing up to 95% of the liquid backing of OHM at a 0.5% interest rate.