The rise of Olympus DAO

Oct 2, 2021 | The Block News | 0 comments

the-rise-of-olympus-dao

Quick Take

  • This research piece dissects the mechanics behind Olympus DAO and analyzes its performance in the last six months
  • Olympus issues OHM tokens that are backed by collaterals while allowing the token to trade at a significant premium on the open market
  • Olympus accrues collaterals mainly by selling vested and inflationary OHM tokens at a below-market price 
  • Olympus generates artificial demand that encourages holders to stake and auto-compound their OHM via inflationary means

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