OlympusDAO |Smart, Money| Profile picture
Apr 29, 2021 16 tweets 5 min read Read on X
In honor of 6000 discord ohmies and 3300 ohm-chain holders, let’s recap the metrics recently covered in our month in review medium post.

If you don’t like scrolling through a whole article and prefer distilled info in nice, easy threads: this ones for you

tl;dr Up Only, NFA
We are incredibly grateful for our ohmies, who consistently make ours one of, no THE, best community in the industry.

We are 6000 strong today, and we cannot wait to welcome the next 6000 tomorrow.
As said above, holders has recently breached 3300. This was less than 800 at launch, and has seen steady growth all month.
This growth curve is mirrored by our discord, where membership has exceeded 6000!

(If you're not in the Olympus discord by now, you must hate fun and you're probably ngmi) discord.gg/olympusdao
Probably our most important growth metric, the risk-free value of the treasury has gone from ~$70k at launch to over $2.8m today. This is the minimum value of our assets; no matter where price goes, this goes flat or up.
The market value of those assets, which is affected by OHM price, currently stands at over $25m.
3, 3 has proved to be the dominant strategy, with 90% of supply consistently staked.
Value for stakers has increased over time, despite price remaining in a similar range (price today is lower than it was at the first peak in late March).
Things don’t look like they will let up for those stakers any time soon; OHM waiting to be distributed to stakers is now 20x more than OHM staked, securing >50,000% APY for the next six months at least.
@sh4dowlegend wrote a great thread about this today that you can find here:
The protocol continues to accumulate more and more liquidity, with almost 83% of the pool now treasury-owned.
The pool has been growing right along with it, rising from $3m at launch to $28m today.
This is interesting when looking at the ratio of liquidity to market cap (so consistent!)
And especially interesting compared to treasury value versus market cap.
That's about it. We know the concept here is a bit out there, and sometimes its best to just let the data speak for itself.

Everything shown is on-chain and publicly available, and most of it can be found on our dashboard here: duneanalytics.com/shadow/Olympus…
If you want to check out the original post and see how much has changed (hint: a lot) you can find it here: olympusdao.medium.com/first-month-in…

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More from @OlympusDAO

Jun 30, 2023
A New Way to Utilize $LUSD

Ω/👇
1/Ω

Enjoy near-zero impermanent loss, when depositing $LUSD into a Boosted Liquidity Vault (BLV).

🏦The vaults:

Refresher on how Boosted Liquidity Vaults (BLV) unlock liquidity and maximize LP incentives captured 👇
https://t.co/1TBBReSj4vapp.olympusdao.finance/#/liquidity/va…
2/Ω

Refresher on why BLVs change the game.

Maximize incentives received from liquidity mining without selling half your position.👇
Read 4 tweets
Mar 31, 2023
We’re reducing the gOHM staking rate to 2.33%
1/Ω Olympus (OHM) gained popularity for its high rebase-rate in order to rapidly expand supply and bootstrap liquidity.

Now Olympus is closer to its originally intended final form: a scalable and predictable free-floating currency.
2/Ω As for the rebase rate - reducing the rebase rate lowers the opportunity cost for our current and future products, and encourages productive use cases for $OHM.
Over the past months the DAO and community have debated the ways to reduce the rate and put the options to a vote
Read 8 tweets
Jan 9, 2023
Uniswap, welcome OHM Bonds.
Three weeks ago, we successfully launched a 3M OHM bond program.

These OHM-Nominated bonds carry an important feature: they’re tokenized! This means you’re able to send, trade or LP them.

OHM Bond-holders have provided liquidity on Uniswap so that everyone can trade them!
OHM-Bonds have a fixed-expiry, meaning all bonds mature at the same time.

That is either: 2023-01-21, 2023-03-22, or 2023-06-20.
Read 5 tweets
Dec 20, 2022
RBS is working as expected 🎉 – Here’s what’s next 👇

Hint: It's OHM Bonds. Image
The bear-market is roaring.

Fear and uncertainty rule the sentiment.

But Olympus has never been more predictable.

All thanks to our Range-Bound Stability mechanism.
You can read all about Range Bound stability in our previous threads.
Or, have a look at our intuitive UI here:

app.olympusdao.finance/#/range
Read 8 tweets
Dec 9, 2022
⚠️ Important Update ⚠️ Image
Three weeks ago we launched our stability mechanism: Range Bound Stability.

If you’ve not heard of RBS yet, we encourage you to skim through this thread:
Since launch, RBS has done what it was intended to do: absorb volatility.

$OHM has comfortably been trading in between the 30MA and the Lower Cushion, not triggering the system to spin up a market.

We’re about to make RBS more robust. Image
Read 10 tweets
Dec 7, 2022
📚 There is a lot happening at Olympus.

Grab a coffee and put on your reading glasses. Let’s get into it. ☕️
We care about security.

Our mission is bold and long-term oriented. This is why we put a lot of effort into making resilient contracts that are made to run without vulnerabilities for decades.
We couldn’t do this without our frens at @code4rena, @spearbitdao, and @kebabsec that helped us accomplish this goal.
Read 7 tweets

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