What is Olympus Dao & how does it work?

What is Olympus DAO and How Does it Work? In their own words, Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets in the Olympus treasury.

What is Olympus?

Olympus is a community-owned, decentralized, censorship-resistant & asset-backed reserve currency protocol for DeFi/Web3 | 17322 members Olympus is a community-owned, decentralized, censorship-resistant & asset-backed reserve currency protocol for DeFi/Web3 | 17322 members Olympus

What is Olympus Defi protocol?

The protocol’s goal is to create a DeFi ecosystem that is transparent and stable for its community. As a DAO, any Olympus member can create proposals on the forum for discussion and post to snapshot for a governance vote. The community gets to vote and decide on the future of the protocol’s policy, strategy changes, and so on.

What is Olympus Dao ohm currency?

Olympus DAO’s decentralized reserve OHM currency is intended to wean crypto markets off their unhealthy addiction to US dollars. The point of OHM is to act as a store of value, not pegged to the $1 mark as are USDT, USDC, and others.