August 5, 2022 2:49 AM EDT
Olympus DAO is a decentralized reserve currency protocol based on the OHM token supported by Olympus DAO (Protocol Controlled Value - PCV). In order not to fall below, OHM is backed by a basket of crypto assets such as DAI and FRAX in the Olympus Treasury.
Olympus DAO is an algorithmic currency protocol based on the OHM token. It introduces unique economic and game-theoretic dynamics into the market through asset backing and protocol controlled value.
Olympus DAO encourages OHM holders to stake their tokens by promising a high rate of return on their staking pool. It also encourages more investors to either perform more bondings or buy OHM from the market.
