TheBlock
2021-10-01 15:25:11

The rise of Olympus DAO

Quick TakeThis research piece dissects the mechanics behind Olympus DAO and analyzes its performance in the last six monthsOlympus issues OHM tokens that are backed by collaterals while allowing the token to trade at a significant premium on the open marketOlympus accrues collaterals mainly by selling vested and inflationary OHM tokens at a below-market price Olympus generates artificial demand that encourages holders to stake and auto-compound their OHM via inflationary means

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