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Olympus aims to create a decentralized, censorship-resistant reserve currency for the emerging Web3 ecosystem. The project centers around its OHM token, which is a non-pegged stablecoin that hopes to eventually be viewed as a crypto-native fiat alternative. It does this through various mechanisms: using its treasury to increase and decrease the supply of OHM, LP bonds, and a DAO-controlled variable.
Olympus aims to create a decentralized, censorship-resistant reserve currency for the emerging Web3 ecosystem. The project centers around its OHM token, which is a non-pegged stablecoin that hopes to eventually be viewed as a crypto-native fiat alternative. It does this through various mechanisms: using its treasury to increase and decrease the supply of OHM, LP bonds, and a DAO-controlled variable.