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What is Olympus DAO?

The rise in bond sales and liquidity provider fees bolsters treasury revenue, enhances liquidity, and effectively manages the supply of OHM. This surge in treasury funds not only improves the overall treasury balance but also supports the backing of existing OHM tokens while helping to stabilize the staking annual percentage yield (APY). Olympus is deliberately structured with an emphasis on ensuring the long-term success of the protocol. Each OHM created for staking incentives is backed by reserves from the treasury, which is essential for maintaining stability. As OHMs are minted and allocated for staking rewards, the dynamics of staking are affected; while an increase in staked OHMs may lead to a reduction in APY, it simultaneously boosts the OHM price, creating a protective balance for investors. Moreover, Olympus's ownership of nearly all its liquidity is vital for maintaining price stability and generating income for the treasury. The protocol's self-sufficient liquidity serves as a safeguard against unpredictable market fluctuations and negative conditions, capitalizing on the resilience and efficacy of its design. Ultimately, this thoughtful strategy cultivates a robust ecosystem that emphasizes both the security of investors and growth that can be sustained over time. In doing so, Olympus reinforces its commitment to fostering a collaborative environment that thrives on both innovation and stability.

What is Compound?

Compound represents a groundbreaking autonomous protocol tailored for developers, featuring an algorithmic interest rate system that paves the way for a diverse array of financial applications. This innovative setup not only enhances returns for developers but also benefits end-users significantly. Balances held within your application can effortlessly accrue interest at prevailing market rates. You can integrate interest generation directly into your offering, enabling earnings to accumulate on a block-by-block basis. This capability enhances your application's features while ensuring liquidity, as tokenization of balances is also possible. Users can withdraw funds at their convenience, transferring balances to cold storage or to other users with ease. Remarkably, even assets stored in cold storage continue to accrue interest. The entire process is smooth and effective, with no trading fees or slippage. By leveraging the Compound Protocol, you tap into a vast global liquidity pool for all assets. Furthermore, the borrowing process is notably flexible; there are no rigid deadlines for repayment, and interest compounds with each block on the Ethereum network, creating a dynamic financial landscape. This fresh approach to finance empowers users to manage their assets with unparalleled freedom and flexibility, ultimately revolutionizing the way people interact with their finances.

Media

Media

Integrations Supported

DeepDAO
Exponential DeFi
MetaMask
WalletConnect
Bake
Chainfulness
CoinCodex
Coinbase Wallet
Cryptio
Fireblocks
Infinity Wallet
Ledger Nano X
SafePal
Token Terminal
TokenTax
YouHodler
Zapper
ZenLedger
Zerion
rotki

Integrations Supported

DeepDAO
Exponential DeFi
MetaMask
WalletConnect
Bake
Chainfulness
CoinCodex
Coinbase Wallet
Cryptio
Fireblocks
Infinity Wallet
Ledger Nano X
SafePal
Token Terminal
TokenTax
YouHodler
Zapper
ZenLedger
Zerion
rotki

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Olympus DAO

Date Founded

2020

Company Website

www.olympusdao.finance/

Company Facts

Organization Name

Compound Finance

Date Founded

2017

Company Location

United States

Company Website

compound.finance/

Categories and Features

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