Cooler Loans
Drafted from Cooler Loans's site and DefiLlama · not yet confirmed by Cooler Loans
Olympus is a decentralized finance protocol on the Ethereum network that issues and manages OHM, a free-floating token backed by a treasury of assets.
UnclaimedSources
Sources used for this page
- Cooler Loans site2 facts on this pageChecked Sep 23
- DefiLlama1 fact on this pageChecked Sep 23
A check date is when we last read the page, not a promise that every line was re-read.
Cooler Loans hasn't joined Sindo yet.
This page was written from what Cooler Loans publishes on olympusdao.finance — nobody there has seen it or agreed to it, so there is no one here to answer a question or receive a proposal.
Recent activity
- Sep 23 — TVL $236M · DefiLlama
- seen Sep 23 — Cooler Loans enables borrowing against OHM's liquid reserves with perpetual loans at a 0.5% fixed interest rate. · Cooler Loans site
+1 more from Cooler Loans site
- seen Sep 23 — Cooler Loans allows borrowing up to 95% of the liquid backing of OHM at a 0.5% interest rate.
About
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.