Olympus v2 PriceOHM

What is Olympus v2 (OHM)?

Olympus v2 (OHM) is the upgraded iteration of Olympus, a decentralized finance (DeFi) protocol that builds programmable monetary infrastructure on the Ethereum network. At its core, OHM is a treasury-backed, liquidity-enabling ERC-20 token whose supply and backing are managed through on-chain smart contracts and policies. The protocol positions OHM as "Smart Money," a free-floating form of money backed by productive assets rather than functioning as a network asset, stablecoin, or unbacked meme coin.

The system operates through three interconnected layers: a treasury backed by productive assets, a policy engine that manages supply algorithmically, and a governance system controlled by token holders. Olympus launched in 2021 to address a gap in the crypto industry where platforms had become sophisticated but the tokens themselves remained simple assets with static supplies. The protocol is designed for solvency, self-sustaining liquidity, and policy-driven equilibrium. It absorbs economic shocks through supply changes rather than letting all forces hit price directly. OHM expands when demand is high and contracts when demand falls.

Key Specifications & Tokenomics

• Name: Olympus v2
• Ticker/Symbol: OHM
• Blockchain/Platform: Ethereum network (ERC-20 token), also associated with Arbitrum
• Category/Tags: DeFi; Protocol-Owned Liquidity; Solana Ecosystem
• Launch Date: Trading launch on March 23, 2021; protocol operating since March 2021
• Total Supply: 21.06M OHM
• Self-Reported Circulating Supply: 15.62M OHM
• Max Supply: Not fixed
• Contract Addresses: Ethereum 0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5; Arbitrum 0xf0cb2dc0db5e6c66B9a70Ac27B06b878da017028; Solana Afe9gSG8NcWicJtC58tUPGWG6pUcdK29d59BJuSAsePJ
• Audits/Rating: Audits referenced on CoinMarketCap
• Official Website: https://www.olympusdao.finance/

Self-reported circulating supply of 15.62M OHM represents roughly 74% of the 21.06M total supply; the maximum supply is not fixed. OHM's price and market capitalization fluctuate with market conditions.

Who created Olympus v2 (OHM)?

Olympus was founded by an individual using the pseudonym Zeus, described as the Founder of Olympus. The founder is known by the pseudonym Zeus, and the wider contributor base is largely pseudonymous. Olympus was introduced on February 1, 2021. Zeus has publicly discussed the protocol's evolution, including topics such as "Surviving, Evolving, and Scaling OHM," along with new products like Cooler Loans V2 and a treasury of about $275M at the time of that discussion. The team structure remains pseudonymous, which is common among DeFi protocols that prioritize decentralized governance and community-driven development over traditional corporate hierarchies.

How does Olympus v2 (OHM) work?

Olympus operates through a set of on-chain mechanisms that together form what is described as a programmable central bank without human bias. Olympus was one of the earlier DeFi protocols to popularize Protocol Owned Liquidity (POL), and POL remains a core part of its design. This ensures OHM can be bought, sold, or borrowed against even during turbulent market conditions. Cooler Loans enable users to take perpetual loans against the liquid reserves backing OHM at a 0.5% fixed interest rate, with no price-based liquidations. No price-based liquidation does not mean no principal risk: if the value of the backing assets falls, the collateral and the borrowed position can still lose value. The Origination Loan-to-Collateral scales over time via a drip mechanism as backing grows, allowing users to borrow up to 95% of the liquid backing of OHM.

Additional mechanisms include Convertible Deposits (CDs), the Yield Repurchase Facility (YRF), Range Bound Stability (RBS), and the Emissions Manager (EM). The Emissions Manager manages OHM supply and backing through smart contracts and policies, enabling the protocol to expand and contract as market conditions shift. This ensures sustainable growth of backing reserves during expansionary times and protection of reserves during downtrends. When OHM is trading at a premium, excess assets in the treasury are used to mint new tokens. Due to its rebase mechanism, OHM featured high staking rewards resembling stock splits. These rewards progressively resulted in a 267:1 token split from its trading launch on March 23, 2021, to October 13, 2023. Olympus DAO migrated to v2 with a new governance token gOHM replacing wsOHM, introducing on-chain governance and automatically staked bonds.

What makes Olympus v2 (OHM) unique and valuable?

Most crypto tokens fall into categories such as network assets (ETH, BTC), stablecoins (USDC, USDS), or unbacked meme coins. OHM is none of these. It is described as free-floating money backed by productive assets, maintaining a treasury-backed floor while allowing market appreciation. The protocol's unique value lies in its ability to provide reliable liquidity during market turbulence, accessible backing through borrowing against liquid reserves, predictable monetary policy, and on-chain governance.

Olympus was one of the earlier DeFi protocols to popularize Protocol Owned Liquidity (POL), and POL remains a core part of its design. Deep market liquidity combined with a strong treasury is intended to help realize OHM as the de facto utilitarian DeFi currency. The system absorbs economic shocks through supply changes rather than having all forces hit price directly, creating a more resilient monetary structure. The protocol is designed for solvency and self-sustaining liquidity, with a policy engine that manages supply algorithmically and a governance system controlled by token holders.

What is Olympus v2 (OHM) used for?

OHM serves multiple functions within the Olympus ecosystem and broader DeFi landscape. It can be bought, sold, or borrowed against, with Cooler Loans allowing users to borrow against the liquid backing of OHM. Users can provide liquidity and earn pool incentives while helping proliferate OHM across DeFi. The token also serves as a governance instrument, with on-chain governance empowering holders to participate directly in decision-making processes such as protocol upgrades, collateral management, and monetary policy adjustments. Holders can view proposals and manage delegation through the governance system.

Olympus used a portion of treasury assets raised to provide liquidity to OHM trading pairs on decentralized exchanges. The protocol's native governance token, gOHM, replaced wsOHM in the v2 migration and facilitates on-chain governance. OHM is designed as a treasury-backed, liquidity-enabling token intended to act as a medium of exchange within DeFi; whether it achieves that role depends on market conditions and adoption.

How Is the Olympus v2 (OHM) ecosystem developing?

The Olympus ecosystem is centered on the protocol's treasury, governance, and liquidity mechanisms. The protocol is described as a community-driven DAO with an active and engaged community. Community channels include Discord and X (Twitter), along with GitHub and brand assets available through the official site. The governance mechanism operates on-chain via gOHM, allowing holders to participate directly in decision-making processes including protocol upgrades, collateral management, and monetary policy adjustments. Delegation management is supported.

Recent development discussions have focused on scaling OHM with new products such as Cooler Loans V2 and a treasury of about $275M at the time of that discussion. The protocol continues to develop its monetary policy toolkit, which includes Convertible Deposits, the Yield Repurchase Facility, Range Bound Stability, and the Emissions Manager. These components work together to manage OHM supply and backing through smart contracts and policies, enabling the protocol to expand and contract as market conditions shift. The ecosystem aims to provide deep market liquidity and a strong treasury to support OHM as a utilitarian DeFi currency.

How to mine Olympus v2 (OHM)?

OHM is not mined. New OHM is minted by the protocol when it trades at a premium, with excess treasury assets used to mint new tokens. This algorithmic supply management is handled by the Emissions Manager, which manages OHM supply and backing through smart contracts and policies. Staking rewards historically came from the rebase mechanism, which expanded supply and produced a cumulative 267:1 token split between March 23, 2021 and October 13, 2023.

Users can acquire OHM through trading on supported platforms or by participating in staking. Approximately 77% of OHM supply is staked. Users can also provide liquidity to earn pool incentives while helping proliferate OHM across DeFi. The protocol's Cooler Loans allow users to borrow against the liquid backing of OHM at a 0.5% fixed interest rate, with loans being perpetual and no price-based liquidations.

How to keep your Olympus v2 (OHM) Coin safe?

Keeping OHM safe requires standard cryptocurrency security practices. OHM is issued as an ERC-20 token on Ethereum (0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5), with deployments on Arbitrum (0xf0cb2dc0db5e6c66B9a70Ac27B06b878da017028) and Solana (Afe9gSG8NcWicJtC58tUPGWG6pUcdK29d59BJuSAsePJ). It can be stored in compatible wallets that support ERC-20 tokens. Users should ensure they use reputable wallets and verify contract addresses before interacting with any smart contracts. The official website provides documentation and resources for safe participation in the protocol.

Given that OHM involves on-chain governance and staking mechanisms, users should be cautious when approving transactions and interacting with third-party platforms. Security is assessed through third-party audits referenced on the project's CoinMarketCap listing; readers should review the audit reports directly rather than rely on a single score. As with any DeFi protocol, users should be aware of smart contract risks and market volatility. As with any free-floating DeFi asset, OHM's price is highly volatile and can fall substantially from prior highs. On October 21, 2022, a hacker took 30,000 OHM (about $300,000 at the time) from Olympus DAO and subsequently returned them, according to a Yahoo Finance report. Thorough research and due diligence are essential before participating in the ecosystem.