The rise of Olympus DAO
Quick Take
- This research piece dissects the mechanics behind Olympus DAO and analyzes its performance in the last six months
- Olympus issues OHM tokens that are backed by collaterals while allowing the token to trade at a significant premium on the open market
- Olympus 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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Author: Eden Au
