Olympus V1

Built on the Ethereum network, Olympus V1 is a decentralized financial system that supports OHM, a community-owned, treasury-backed reserve currency. Operating as a pioneering force in the DeFi space, Olympus has established itself as a leader in providing reliable liquidity through its Protocol Owned Liquidity (POL) mechanism.

The key technical feature of Olympus is its automated monetary policy, which provides predictability and transparency to users. This policy is managed through smart contracts and policies such as the Emissions Manager (EM), Yield Repurchase Facility (YRF), and Convertible Deposits (CD's). These mechanisms enable the protocol to expand and contract as market conditions shift, ensuring sustainable growth of backing reserves during expansionary times and protection of reserves during downtrends. The OHM supply and backing are fully managed through these smart contracts.

Olympus V1 has a strong focus on accessibility and usability, with features such as Cooler Loans allowing users to borrow up to 95% of the liquid backing of OHM at a 0.5% interest rate. This provides unparalleled financial flexibility for users. The protocol also empowers holders to participate directly in decision-making processes through on-chain governance, fostering transparency and decentralization.

The Olympus community is actively engaged, with a strong focus on development and growth. The protocol has undergone extensive audits, with notable results from PeckShield (April 9, 2021) and Omniscia (May 28, 2021). Olympus V1 has also established partnerships and collaborations within the DeFi ecosystem.

Olympus V1 is currently operating with a treasury value of $187,305,958 and a liquid backing per OHM of $11.59. The protocol's reliable liquidity and accessible backing have made it a popular choice for users seeking financial flexibility and predictability. With its strong focus on community engagement and development, Olympus V1 is positioned to continue leading the DeFi space in providing innovative solutions for users.