Thread by @quasicypher1

Writing a thread on @OlympusDAO treasury revenue moving into 2022 because @dcfgod asked so nicely <3

I am going to try my best at keeping this as ambiguous as possible to avoid extraneous alfa leakage. The treasury dashboard needs to be updated lol.. soon tm

🧵👇

TLDR: Olympus is basically earning billions in revenue per year and the treasury is going to explode in 2022.

We can break down the revenue into separate parts:
- Olympus Pro
- SubDAOs
- Critical Ecosystems (FXS, CVX, etc)
- Bonds + LPs
- [Redacted] Projects

Olympus Pro has been incredibly successful.

>3 chains + 1 L2
>1 mil in revenue in <3 months
>40 Partners

Upcoming: 2 more chains and permissionless Olympus Pro. Majin the treasury when any protocol can have their own bond program without any hassle and eventually any chain

The Olympus forum has seen an increase in partnerships/SubDAOs such as Lobis and Redacted.

Lobis: Olympus receives 1.1% of LOBI from all bonds
Redacted: 20% of pToken supply, bond revenue and bribe share (we like butterfly token)
KlimaDAO: >50k Tokens (we like green coin)

Majin all of these tokens staked earning anywhere from 20k-200k% APY and majin all of the secondary treasury exposure + governance influence. Olympus is like the blackhole of liquidity and blackholes of governance + carbon.

Olympus has been slowly accumulating massive amounts of yield generating governance tokens. Cool part? All farming and generating incooom

~1% of CVX (will get moar)
CRV earned from farming + bribes
Whitelisted veFXS
One of largest holders of TOKE
Massive holder of xSUSHI
+ More

Every single token is used to further strengthen/deepen our close partnership with the protocols. Remember, Olympus never sells tokens so it’s beneficial for everyone.

More governance tokens -> more bribes -> more backing -> more value -> more revenue -> more governance tokens

Given the popularity of $OHM and the protocol, Olympus has had a solid demand for bonds. Prior to the v2 migration Olympus brought in around 3-5mil in revenue from bonds per day (LP + reserve)

LPs have helped generate >$26 million in trading fees.

Before we move onto [redacted] projects, it's important note the massive, ever-growing warchest filled with governance tokens, Olympus Pro partners and reserve bonds. Majin every token in the treasury earning yield in every corner/crevice in DeFi on every blockchain

I also didn’t list the various DAO swaps that are happening almost every week which makes $OHM more pervasive

Key thing to keep in mind is that more protocols are putting $OHM into their treasury. This further reinforces it as a reserve currency and reduces selling pressure

There are several things cooking with Olympus that we will call [redacted] projects for the sake of this thread. These projects will be very important for not only the utility of $OHM but also for every Ohmie out there.

These things will:

- Enable Olympus to have a full vertical of liquidity products/services for protocols
- Increase treasury yield several times over
- Increase buy pressure on the token
- Decrease sell pressure
- Unlock potential in other protocols through liquidity

This doesn’t even include full cross-chain Olympus (this has been in the works for some time) or the many, many other intangible parts of the Olympus ecosystem

$OHM is undervalued

@OlympusDAO #OHM