Olympus v2 OHM Price 20.15

The goal of the protocol is to become a stable currency. Olympus uses reserve assets to manage its price, which is similar to a central bank. The goal is to keep the price floating. OHM is backed but not pegged to a price, which is the biggest difference between OHM and stable coins. The treasury value is added to the price of OHM. OHM is different from other stable coins in that it issues OHM to buy assets and maintain a treasury. Zeus is said to be a teenager, captivating the community with his charismatic personality. When OHM is traded above the price floor, Olympus buys back and burns OHM, and when it is below the price floor, it mints and sells new OHM. OHM is issued through a process. Users can get discounted OHM by selling their assets to the treasury. Users can stake OHM, which reduces the supply of OHM on the open market and creates value for the protocol. At the time of writing, the note north of 7,000% APY is the highest on Olympus, down from over 100,000% at the beginning of the protocol. The auto-compound is rewarded every eight hours. The goal of the high rewards is to reward users who accumulate more OHM, rather than hoping for an appreciation of OHM in US dollars. According to the protocol, the price of OHM could come down in dollar terms. There are pages related to this. The network has over 1.7 billion OHM staked. Prior to the launch of the main OHM token, the team vested pOHM, which allowed non-US users to participate in a private sale.