{"id":"olympus-dao","title":"Olympus DAO","content":"**Olympus DAO** is a decentralized financial (DeFi) protocol described as the world's first monetary computer. It supports [OHM](https://iq.wiki/wiki/ohm), a treasury-backed, liquidity-enabling token on the [Ethereum](https://iq.wiki/wiki/ethereum) network. The protocol aims to build a policy-controlled currency that preserves purchasing power, maintains reliable liquidity, and functions as a trusted, decentralized reserve asset in the [Web3](https://iq.wiki/wiki/web3) ecosystem. Olympus leverages mechanisms such as Protocol Owned Liquidity (POL), Range Bound Stability (RBS), and Cooler Loans to create a robust and flexible form of smart money.[\\[23\\]](#cite-id-bEY2huYyjf)[\\[24\\]](#cite-id-zBJBt5bpyr)\n\n![](https://ipfs.everipedia.org/ipfs/QmbBBLuY1VFJDANNGYupsaGSDhLaFvrC9bdxuSaKBGCv9p)\n\n## Overview\n\nOlympus is a decentralized [reserve](https://iq.wiki/wiki/reserve) currency protocol based on the [OHM](https://iq.wiki/wiki/ohm) token. Each [OHM](https://iq.wiki/wiki/ohm) token is backed by different assets in the Olympus treasury. While it started with only holding [DAI](https://iq.wiki/wiki/dai) in its treasury, it evolved to include more coins such as [FRAX](https://iq.wiki/wiki/frax-stablecoin), LUSD and [ETH](https://iq.wiki/wiki/ethereum), as well as LP tokens such as OHM/DAI LP tokens from [SushiSwap](https://iq.wiki/wiki/sushiswap). Olympus also has [staking](https://iq.wiki/wiki/staking) and bonding features. Stakers stake their [OHM](https://iq.wiki/wiki/ohm) tokens in return for more [OHM](https://iq.wiki/wiki/ohm) tokens, while bonders provide LP or [DAI](https://iq.wiki/wiki/dai) tokens in exchange for discounted [OHM](https://iq.wiki/wiki/ohm) tokens after a fixed vesting period. Governance participants can get involved on the Olympus and through discussions on the Olympus and servers.[\\[1\\]](#cite-id-51wpmrxc4vq)[\\[12\\]](#cite-id-1r07t41ried)\n\nThe main benefit for stakers comes from supply growth. The protocol [mints](https://iq.wiki/wiki/minting) new [OHM](https://iq.wiki/wiki/ohm) tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential [drop](https://iq.wiki/wiki/drop) in price (due to inflation), stakers would make a profit. The main benefit for bonders comes from price consistency. Bonders commit capital upfront and are promised a fixed return at a set point in time; that return is in [OHM](https://iq.wiki/wiki/ohm) and thus the bonder's profit would depend on [OHM](https://iq.wiki/wiki/ohm) price when the bond matures. Bonders benefit from a rising or static [OHM](https://iq.wiki/wiki/ohm) price.[\\[12\\]](#cite-id-1r07t41ried)\n\n## Products\n\n### Staking\n\nStakers stake their [OHM](https://iq.wiki/wiki/ohm) tokens on the Olympus website to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of [OHM](https://iq.wiki/wiki/ohm) staked in the protocol and the reward rate set by monetary policy. When a user stakes, they lock [OHM](https://iq.wiki/wiki/ohm) and receive an equal amount of sOHM. The user's sOHM balance rebases up automatically at the end of every epoch. sOHM is transferable and therefore composable with other [DeFi](https://iq.wiki/wiki/defi) protocols. When a user unstakes, they burn sOHM and receive an equal amount of [OHM](https://iq.wiki/wiki/ohm). Unstaking means the user will forfeit the upcoming rebase reward.[\\[4\\]](#cite-id-wpvmu58b06c)\n\n### Bonding\n\nThe bonding feature allows Olympus to acquire its own liquidity and other [reserve](https://iq.wiki/wiki/reserve) assets such as LUSD ([Liquity](https://iq.wiki/wiki/liquity) USD) by selling [OHM](https://iq.wiki/wiki/ohm) at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of [OHM](https://iq.wiki/wiki/ohm) tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards ([OHM](https://iq.wiki/wiki/ohm) tokens) as they vest, and at the end of the vesting term, the full amount will be claimable. Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore, bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to [staking](https://iq.wiki/wiki/staking). Bonding allows Olympus to accumulate its own liquidity, POL. More POL ensures there is always locked exit liquidity in Olympus trading pools to facilitate market operations and protect token holders.[\\[5\\]](#cite-id-azb08e6irgi)[\\[25\\]](#cite-id-UTtePg0mfY)\n\n## Governance\n\nThe Olympus protocol is governed and upgraded by its tokenholders. The system is transitioning from multisig management to on-chain governance, a process initiated by Olympus Improvement Proposal (OIP) 152 and first deployed with OIP-166. The governance framework consists of three primary components: the gOHM token, Governor Bravo, and multisig contracts.[\\[26\\]](#cite-id-pV6GVdY8yt)\n\nThese components allow the community to propose, vote on, and implement changes to the Olympus V3 system. Proposals can modify system parameters, activate or deactivate policies, and add new features to the protocol.[\\[26\\]](#cite-id-pV6GVdY8yt)\n\n### gOHM\n\ngOHM (Governance [OHM](https://iq.wiki/wiki/ohm)) is an ERC-20 token used for proposing and voting on upgrades to the Olympus protocol. It can be obtained by wrapping [OHM](https://iq.wiki/wiki/ohm) and vice versa. Beyond governance, gOHM is also used as [collateral](https://iq.wiki/wiki/collateral) for Cooler Loans.[\\[26\\]](#cite-id-pV6GVdY8yt)\n\n#### Delegation\n\ngOHM holders can delegate their voting rights to any address, including their own. Key aspects of delegation include:\n\n* A user can only delegate to one address at a time.\n* The entire gOHM balance of the delegator is counted towards the delegatee's voting power.\n* Changes in the delegator's token balance automatically update the delegatee's voting rights.\n* Delegation is effective from the current [block](https://iq.wiki/wiki/block) onward until changed.\n* gOHM held in Cooler Loans is eligible for delegation.\n\nDelegation can be managed through the Olympus governance frontend or by directly calling the `delegate()` function on the contract.[\\[26\\]](#cite-id-pV6GVdY8yt)\n\n#### Voting Eligibility\n\nThe eligibility of gOHM for voting in [Snapshot](https://iq.wiki/wiki/snapshot) (off-chain) and Governor Bravo (on-chain) varies depending on how it is held. The following table outlines the eligibility:\n| gOHM type\n| [Snapshot](https://iq.wiki/wiki/snapshot) eligibility\n| Governor Bravo eligibility\n|\n| --- | --- | --- |\n| gOHM\n| ✅\n| ❗ (requires delegation)\n|\n| gOHM in Cooler Loans\n| ❗ (requires delegation)\n| ❗ (requires delegation)\n|\n| tokemak gOHM\n| ✅\n| ❌\n|\n| Arbitrum gOHM\n| ✅\n| ❌\n|\n| AVAX gOHM\n| ✅\n| ❌\n|\n| Polygon gOHM\n| ✅\n| ❌\n|\n| Fantom gOHM\n| ✅\n| ❌\n|\n| Optimism gOHM\n| ✅\n| ❌\n|\nThis information is based on the Olympus governance documentation.[\\[26\\]](#cite-id-pV6GVdY8yt)\n\n### Governor Bravo\n\nOlympus uses a modified version of Compound’s Governor Bravo contract. The key modifications are designed to accommodate the elastic supply of gOHM:\n\n1. **Percent-based submission threshold**: A proposer must hold at least 0.017% of the total gOHM supply to submit a proposal.\n2. **Percent-based quorum threshold**: For a proposal to pass, it must receive \"FOR\" votes equivalent to at least 20% of the total gOHM supply.\n3. **Net votes approval threshold**: The percentage of the *voting supply* voting \"FOR\" must be 60% or greater.\n\nGovernor Bravo's Timelock contract is responsible for assigning roles to policies within the protocol's Kernel.[\\[26\\]](#cite-id-pV6GVdY8yt)\n\n### Multisig and Shared Roles\n\nWhile governance transitions on-chain, multisig wallets continue to manage certain protocol functions. These multisigs execute on-chain actions approved by the community through off-chain [Snapshot](https://iq.wiki/wiki/snapshot) votes. Some roles are shared between the Governor Bravo Timelock and multisigs, while others remain under exclusive multisig control. As the on-chain governance framework matures, more roles are expected to be transferred from multisigs to the Governor Bravo Timelock.[\\[26\\]](#cite-id-pV6GVdY8yt)\n\n## OHM Tokens\n\n[OHM](https://iq.wiki/wiki/ohm) is a decentralized [reserve](https://iq.wiki/wiki/reserve) currency backed by other decentralized assets. Each [OHM](https://iq.wiki/wiki/ohm) is backed by 1 [DAI](https://iq.wiki/wiki/dai), not pegged to it. Because the treasury backs every [OHM](https://iq.wiki/wiki/ohm) with at least 1 [DAI](https://iq.wiki/wiki/dai), the protocol would buy back and burn [OHM](https://iq.wiki/wiki/ohm) when it trades below 1 [DAI](https://iq.wiki/wiki/dai). This has the effect of pushing [OHM](https://iq.wiki/wiki/ohm) price back up to 1 [DAI](https://iq.wiki/wiki/dai). [OHM](https://iq.wiki/wiki/ohm) could always trade above 1 [DAI](https://iq.wiki/wiki/dai) because there is no upper limit imposed by the protocol. [\\[12\\]](#cite-id-1r07t41ried) [\\[14\\]](#cite-id-kgyut4x3sm8)\n\n#### sOHM\n\nUsers receive sOHM when they stake [OHM](https://iq.wiki/wiki/ohm) at a 1:1 ratio.[\\[12\\]](#cite-id-1r07t41ried)\n\n#### aOHM\n\nWhen Olympus DAO first launched, alphaOHM (aOHM) was used as a pre-allocation token which allowed the early participants to lay claim to [OHM](https://iq.wiki/wiki/ohm). Moving forward aOHM served as the in-game currency of a community-led social game that runs on the [blockchain](https://iq.wiki/wiki/blockchain). Other than that, aOHM is not relevant to [OHM](https://iq.wiki/wiki/ohm) or the operation of Olympus DAO.\n\n#### pOHM\n\npOHM, previously known as pOLY, is the presale token of Olympus. It was used to raise funds from private investors to bootstrap Olympus.[\\[14\\]](#cite-id-kgyut4x3sm8)\n\n## Ecosystem\n\n### Olympus Pro\n\nOlympus Pro is protocol-owned liquidity-as-a-service created by the Olympus DAO, providing a custom treasury and bonds optimized to individual needs. Through bonds, protocols can accumulate the crucial infrastructural liquidity that they generally service via [liquidity mining](https://iq.wiki/wiki/liquidity-mining). Instead of renting that liquidity (often at high-interest rates), they purchase it, turning a value-draining perpetual expense into revenue-producing assets that facilitate the functionality of the rest of the platform.  [\\[10\\]](#cite-id-k4oib316m4) [\\[27\\]](#cite-id-OjqVQd9213)\n\nPartners are featured on Olympus Pro X, a unified marketplace for bonds from a multitude of protocols. The marketplace will become the default destination for DeFi investors looking for discounted exposure to various tokens through this unique mechanism. Additionally, Olympus will provide its partners with co-marketing services, leveraging their community and brand to highlight new projects.An end goal of Olympus Pro services is to promote [OHM](https://iq.wiki/wiki/ohm) as a treasury asset and liquidity pair token for other protocols. Since the launch of Olympus Pro in September 2021, OP bonds have captured more than $9.35 million of liquidity from its first two cohorts of partners. The list of projects that used the Olympus Pro services includes [Frax Finance](https://iq.wiki/wiki/frax-finance), [Alchemix](https://iq.wiki/wiki/alchemix), [PoolTogether](https://iq.wiki/wiki/pooltogether), [BarnBridge](https://iq.wiki/wiki/barnbridge), Thorstarter, and others.  [\\[10\\]](#cite-id-k4oib316m4)\n\n### Olympus Grants\n\nLaunched in February 2022, Olympus Grants was designed to fill various gaps in the Olympus ecosystem by funding projects which support Olympus DAO’s initiatives but don’t fit into existing projects. Where a token swap, incubator investment, or yield-redirection is not quite appropriate, Olympus Grants will fill the gap.  [\\[16\\]](#cite-id-ac6ck9g8vyu)\n\nThe OGP (Olympus Grants Program) is funded with $1.5 M of DAO approved $OHM and is built to bolster the objectives of other departments such as Partnerships, Olympus Pro, Incubator, and Give in ways that require a more flexible funding mechanism. Grants will promote the core values of [OHM](https://iq.wiki/wiki/ohm) such as building an inclusive econOHMy. This will help Olympus DAO take the cooperative economics of [Web3](https://iq.wiki/wiki/web3) and greatly expand the reach and user experience of the Olympus ecosystem.  [\\[17\\]](#cite-id-6glvemuu9n8)\n\n## Olympus V2\n\nIn October 2021, **Olympus DAO** announced Olympus V2 introducing several new features.[\\[8\\]](#cite-id-9v25s8s83ac)\n\n### Staking for Bonds\n\n* Bond payouts are staked at the time of purchase. Rather than requiring bonders to factor in missed rewards when considering a discount, they are now earned by default.\n* Bonds no longer vest linearly. Instead, bonders must wait until the end of their term to redeem. This illiquidity is enabled by [staking](https://iq.wiki/wiki/staking) bond payouts and creates a form of locked [staking](https://iq.wiki/wiki/staking) that will save money by removing the incentive to incur wasteful [gas](https://iq.wiki/wiki/gas) transactions through frequent redemption.- New bond types are created as isolated offerings. Each bond has a maximum amount of [OHM](https://iq.wiki/wiki/ohm) that can be paid or a maximum amount of principal that can be purchased and, once exceeded, the bond is retired.\n* Bonds can be held as \\[[NFT](https://iq.wiki/wiki/non-fungible-token-nft)s]\\(<https://iq.wiki/wiki/non-fungible-token-nft>). This enables [liquid](https://iq.wiki/wiki/liquid) secondary bond markets.- Bonds can be both fixed-term (one that pays the same [level](https://iq.wiki/wiki/level) of interest over its entire term) or fixed-expiration (where the maturation date is the same for all who buy that bond). Fixed-expiration bonds can be wrapped into a fungible token and traded like any [ERC-20](https://iq.wiki/wiki/erc-20) token.- Bonds offer a front-end reward. This will incentivize third parties to run front-ends for Olympus, reducing single-point-of-failure risk.[\\[8\\]](#cite-id-9v25s8s83ac)\n\n### Inverse Bonds\n\nInverse Bonding is a new tool for Olympus DAO to increase $OHM’s [liquid](https://iq.wiki/wiki/liquid) backing and absorb market volatility. Inverse bonds are part of an overarching strategy, defined in Olympus12, that seeks to produce value for Olympus holders through a strong Treasury. This cements Olympus DAO's position as the [reserve](https://iq.wiki/wiki/reserve) currency and central bank of DeFi. Since its launch in March 2022, Inverse bonds allow Olympus to create a means to bring [OHM](https://iq.wiki/wiki/ohm) out of circulation, which increases the backing per [OHM](https://iq.wiki/wiki/ohm) on every inverse bond that is executed below [liquid](https://iq.wiki/wiki/liquid) backing.  [\\[17\\]](#cite-id-6glvemuu9n8)[\\[17\\]](#cite-id-6glvemuu9n8)\n\n### Flex Loans\n\nFlex Loans is a whitelisted product offering for protocols to grow their protocol-owned liquidity through an interest free loan against perfect [collateral](https://iq.wiki/wiki/collateral). By depositing gOHM as a [collateral](https://iq.wiki/wiki/collateral) asset, the borrower is able to borrow up to 100% LTV in [OHM](https://iq.wiki/wiki/ohm) and pair this with another token to create a liquidity pair. Since the loan is in the same denomination, there is no risk of [liquidation](https://iq.wiki/wiki/liquidation) and the loan will lower in LTV% as the gOHM [collateral](https://iq.wiki/wiki/collateral) continues to receive the underlying rebases.Once whitelisted by Olympus, the borrower deposits gOHM into Flex Loan contract along with the other half of the intended LP token. The contract then borrows against the deposited gOHM and pairs the resulting [OHM](https://iq.wiki/wiki/ohm) with the provided token to create an LP pair at the designated [Decentralized Exchange](https://iq.wiki/wiki/decentralized-exchange) (DEX) of their choosing. At the moment, LP strategies for [Balancer](https://iq.wiki/wiki/balancer), [Uniswap](https://iq.wiki/wiki/uniswap), [Sushiswap](https://iq.wiki/wiki/sushiswap) and [Curve](https://iq.wiki/wiki/curve-finance) are available.Repayment of the loan is possible at any moment and can either be done by paying back the [OHM](https://iq.wiki/wiki/ohm) debt directly (from the LP position itself, or externally supplied) or by using part of the supplied gOHM collateral.Flex Loans partnered with FiatDAO and [Redacted](https://iq.wiki/wiki/redacted).[\\[18\\]](#cite-id-5u57gkgvvvu)\n\n![Flex Loans.jpeg](https://ipfs.everipedia.org/ipfs/QmNUty1rrfpFMK4dgKPdaczsqwdXpqAAouQaVySC1ytut4)\n\n## Tokenomics\n\n![](https://ipfs.everipedia.org/ipfs/QmTx4LWWEYMSmBMRJQmj5jU7Zvbp9w2m348L61xb1u3fLa)\n\n### Olympus DAO Token ($OHM)\n\n***\n\nInstead of renting exchange services Olympus directly issues its [OHM](https://iq.wiki/wiki/ohm) token to buyers through a process called Bonding. This way the buyer offers Olympus money today and then in a few days she/he gets discounted [OHM](https://iq.wiki/wiki/ohm) tokens. This mechanism is similar to how governments issue bonds. Buyers buy a bond now for some return in the future. It is raising funds for itself and many called this the beginning of a new era for DeFi and named it DeFi 2.0.\n\nOnce buyers have [OHM](https://iq.wiki/wiki/ohm), they can either sell them, hold them or stake them. They might sell them because they bought a bond a few days ago and now they want to cash out. Buyers might want to keep them because they expect the price to appreciate. But the most logical thing is to stake them. By [staking](https://iq.wiki/wiki/staking) [OHM](https://iq.wiki/wiki/ohm) buyers earn a return for doing so. The word “staking” does not mean providing a token to a [validator](https://iq.wiki/wiki/validator) to support the [proof-of-stake](https://iq.wiki/wiki/proof-of-stake) process. When they say [staking](https://iq.wiki/wiki/staking), they just mean putting up your [OHM](https://iq.wiki/wiki/ohm) in their pool of funds in return for a reward. Olympus DAO is not a [blockchain](https://iq.wiki/wiki/blockchain). Rather, Olympus DAO is a protocol, a set of smart contracts, that sits on the [Ethereum](https://iq.wiki/wiki/ethereum) platform. Hence, all the validation of transactions and security checks etc. happen on [Ethereum](https://iq.wiki/wiki/ethereum) in the background. Olympus DAO incentivizes [staking](https://iq.wiki/wiki/staking) because not selling props the price of [OHM](https://iq.wiki/wiki/ohm) up.[\\[19\\]](#cite-id-xua2cfi3gsn)\n\n## Partnerships\n\n***\n\n### Frax Finance\n\nIn June 2021, Olympus DAO announced a partnership with [Frax Finance](https://iq.wiki/wiki/frax-finance). This partnership allows Olympus DAO to accumulate OHM-[FRAX](https://iq.wiki/wiki/frax) liquidity through the sales of bonds, and build up the Olympus treasury in the process. A few initiatives have been launched in light of this partnership, including OHM-[FRAX](https://iq.wiki/wiki/frax) bond and [FRAX](https://iq.wiki/wiki/frax) bond.\n\n### Rari Capital\n\nOlympus DAO collaborated with Rari Capital to create a Fuse pool that allows users to use their sOHM as [collateral](https://iq.wiki/wiki/collateral) and borrow other assets against it.  Fuse is an isolated interest rate market by Rari Capital. Each pool in Fuse can support different types of assets and use different interest rate curves. To lend out sOHM and/or use it as [collateral](https://iq.wiki/wiki/collateral), users can enter the. In this pool, several assets are supported:\n\n* sOHM\n* [USDC](https://iq.wiki/wiki/usdc)- [DAI](https://iq.wiki/wiki/dai)- [ETH](https://iq.wiki/wiki/ethereum)- [FRAX](https://iq.wiki/wiki/frax-stablecoin)\n\n### Abracadabra.money\n\n[Abracadabra.money](https://iq.wiki/wiki/abracadabramoney) is a lending platform that allows users to deposit interest-bearing tokens as [collateral](https://iq.wiki/wiki/collateral) and borrow its native, USD-pegged [stablecoin](https://iq.wiki/wiki/stablecoin). On August 22, 2021, the platform started to accept wsOHM as [collateral](https://iq.wiki/wiki/collateral).\n\n### Vesta Finance\n\nVesta Finance is a lending protocol on [Arbitrum](https://iq.wiki/wiki/arbitrum) based on [Liquity](https://iq.wiki/wiki/liquity), with the added feature of multi-collateral and a set of governable parameters. On January 31, 2022, Olympusannounced that Vesta Finance has joined Olympus Incubator, which will bring utility to Ohmies and bring further value to the backing of [OHM](https://iq.wiki/wiki/ohm). Vesta will provide Olympus with 6% of their governance tokens vested linearly over two years. In Q1 2022, Ohmies will be able to collateralize gOHM at 66% Loan to Value (LTV) and mint VST, Vesta’s dollar-pegged [stablecoin](https://iq.wiki/wiki/stablecoin) at 0% interest with a small mint fee of 1.25%.  [\\[15\\]](#cite-id-hpf4l1896lk)[\\[15\\]](#cite-id-hpf4l1896lk)\n\n### Coinbase DEX Integration\n\nIn August 2025, [Coinbase](https://iq.wiki/wiki/coinbase) expanded its decentralized exchange (DEX) access on the [Base](https://iq.wiki/wiki/base) network, officially adding support for the [OHM](https://iq.wiki/wiki/ohm) token. This integration brought Olympus, which maintains one of the largest treasuries in DeFi, into the [Coinbase](https://iq.wiki/wiki/coinbase) ecosystem, providing direct exposure to a wider audience. [OHM](https://iq.wiki/wiki/ohm) purchased on [Base](https://iq.wiki/wiki/base) is backed by the same on-chain reserves as its [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet) counterpart and can be bridged to interact with the full suite of Olympus's on-chain systems.[\\[24\\]](#cite-id-zBJBt5bpyr)[\\[28\\]](#cite-id-ma4pUessc8)\n\n### Chainlink CCIP Integration\n\nIn June 2025, Olympus integrated [Chainlink](https://iq.wiki/wiki/chainlink)'s Cross-Chain Interoperability Protocol (CCIP) to facilitate decentralized, cross-chain transfers of the [OHM](https://iq.wiki/wiki/ohm) token. This was implemented using Chainlink's Cross-Chain Token (CCT) standard, with the initial deployment connecting to the [Solana](https://iq.wiki/wiki/solana) network. The integration, which passed with 100% approval in a DAO governance vote, enhances the security and flexibility of OHM's multi-chain presence. The protocol may explore support for additional chains, including [Ethereum](https://iq.wiki/wiki/ethereum), [Arbitrum](https://iq.wiki/wiki/arbitrum), [Base](https://iq.wiki/wiki/base), and [Optimism](https://iq.wiki/wiki/optimism), through future governance processes.[\\[29\\]](#cite-id-4TieUTtuhp)\n\n### Zapper\n\nZapper is an asset management platform for the decentralized economy. Their mission is to make [Web3](https://iq.wiki/wiki/web3) accessible and easy to use. To advance this goal, they provide a dashboard that can be used to track and exchange more than 3000 digital assets, earn passive income by [staking](https://iq.wiki/wiki/staking) their assets and invest into various DeFi investment opportunities, and they create and share educational resources on Zapper Learn to help demystify the complexities of the decentralized economy for newcomers. Zapper was founded in early 2020 by Seb Audet and Suhail Gangji.\n\n### OlyZaps\n\nTo get [OHM](https://iq.wiki/wiki/ohm) (or other assets to bond) you need to leave the Olympus app and buy [OHM](https://iq.wiki/wiki/ohm) or other assets on a DEX, then return to the Olympus app to stake or bond. In December 2021, Olympus DAO introduced OlyZaps to swap any asset into sOHM directly through the Olympus App. Thanks to OlyZaps, new users can stake and bond directly in the Olympus app in fewer steps and without having to leave Olympus’ app. Instead of buying or exchanging tokens to [OHM](https://iq.wiki/wiki/ohm) then [staking](https://iq.wiki/wiki/staking), users can now do this all-in-one transaction using “zapping”, on the Olympus app. Zapping makes it easier for Olympus users to go from X to Y entirely within the Olympus app with:\n\n* X is a token already held\n* Y is the end result of [staking](https://iq.wiki/wiki/staking) (resulting in sOHM)\n* Bond zapping will also be available in a future release (resulting in sOHM after 5 days and a selected bond LP-pair.)\n\n### OlyZaps V2\n\nIn March 2022, Olympus DAO introduced OlyZaps V2 with a bundle upgrades after Olympus V2 Migration in December 2021. OlyZaps dispenses V2 assets. Plus, as an added benefit, users have the choice between zapping to sOHM or gOHM. Olympus DAO added this flexibility to allow users to customize zapping to their specific needs.[\\[20\\]](#cite-id-boosj59pqil)[\\[21\\]](#cite-id-zz3narwgm7)\n\n![Olyzaps V2.png](https://ipfs.everipedia.org/ipfs/QmckqAgdPE35jqhHkT9q4ZoEz128a8y7MPyGfbR7X3sWo6)\n\n### Peapods\n\n[Peapods](https://iq.wiki/wiki/peapods) Finance has partnered with Olympus DAO to introduce pOHM as a pairing asset for incentivized pod [liquidity providers](https://iq.wiki/wiki/liquidity-providers) [(LPs)](https://iq.wiki/wiki/liquidity-providers). This collaboration aims to enhance liquidity provision within the [Peapods](https://iq.wiki/wiki/peapods) ecosystem. pOHM combines stability with growth potential, benefiting from Olympus DAO's Range Bound Stability (RBS) model. The integration of pOHM offers LPs reduced [impermanent loss](https://iq.wiki/wiki/impermanent-loss) [(IL)](https://iq.wiki/wiki/impermanent-loss) risks, enhanced yield opportunities through wrap fees, and the potential for increased rewards and burns. This partnership is designed to provide more secure and profitable liquidity options within the [Peapods](https://iq.wiki/wiki/peapods) ecosystem.  [\\[22\\]](#cite-id-EsueYVUyX7)","summary":"Olympus DAO is a decentralized reserve currency protocol utilizing the OHM token, featuring a treasury, bonding, and staking mechanisms to manage supply. It also offers Olympus Pro for liquidity solutions.","images":[{"id":"QmX5SW25JAXiF9sUBW1kj83Sqvf3rraD25Egx4cQHdSkVi","type":"image/jpeg, image/png"}],"categories":[{"id":"daos","title":"DAOs"}],"tags":[{"id":"Protocols"},{"id":"Entertainment"}],"media":[{"id":"QmQe8uCCBv9Zb7Z4Rwaegi2YgSb7GYfAQh1Rvkh8cdCM7T","size":"0.500","name":"https://everipedia-storage.s3.amazonaws.com/GalleryMediaItem/lang_en/olympus-dao/fetched-img-cfe2ab0da89a5000png.png","type":null,"source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=l0vRTi8_FRk","size":"0","name":"l0vRTi8_FRk","type":null,"source":"YOUTUBE"},{"id":"QmTN4mxvbPw4k61PHPdKuaBSpJfvdxeT2GRkaMPJm4BWge","size":"0.14","name":"0_Sjhr-wotVTDc4mrq.png","type":null,"source":"IPFS_IMG"},{"id":"QmcUp87Zh8e3ZLpy3qwvujq3BqXvf8B5uoFxCCiDLeFULx","size":"0.16","name":"0_TjLB_g_CMi1CEMZK.png","type":null,"source":"IPFS_IMG"},{"id":"QmbBBLuY1VFJDANNGYupsaGSDhLaFvrC9bdxuSaKBGCv9p","size":"0.10","name":"olympus-one-page-1-1635414240282.jpg","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmNUty1rrfpFMK4dgKPdaczsqwdXpqAAouQaVySC1ytut4","size":"0.25","name":"Flex Loans.jpeg","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmckqAgdPE35jqhHkT9q4ZoEz128a8y7MPyGfbR7X3sWo6","size":"0.57","name":"Olyzaps V2.png","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmTx4LWWEYMSmBMRJQmj5jU7Zvbp9w2m348L61xb1u3fLa","name":"token_OHM_(1).webp","caption":"","thumbnail":"QmTx4LWWEYMSmBMRJQmj5jU7Zvbp9w2m348L61xb1u3fLa","source":"IPFS_IMG"}],"metadata":[{"id":"website","value":"https://www.olympusdao.finance/"},{"id":"contract_url","value":"https://etherscan.io/token/0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5"},{"id":"instagram_profile","value":"https://www.instagram.com/olympusdao/"},{"id":"twitter_profile","value":"https://twitter.com/OlympusDAO"},{"id":"reddit_profile","value":"https://www.reddit.com/r/olympusdao/"},{"id":"telegram_profile","value":"https://t.me/OlympusTG"},{"id":"github_profile","value":"https://github.com/OlympusDAO"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/olympus/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/olympus"},{"id":"references","value":"[{\"id\":\"51wpmrxc4vq\",\"url\":\"https://www.coingecko.com/premium/publications/what-is-olympusdao-and-how-does-it-work\",\"description\":\" \",\"timestamp\":1658096428101},{\"id\":\"7er33tbubl3\",\"url\":\"https://docs.olympusdao.finance/main/basics/readme\",\"description\":\" \",\"timestamp\":1658096443101},{\"id\":\"mt6dh9ir72d\",\"url\":\"https://docs.olympusdao.finance/main/basics/readme\",\"description\":\" \",\"timestamp\":1658096454183},{\"id\":\"wpvmu58b06c\",\"url\":\"https://docs.olympusdao.finance/main/basics/staking\",\"description\":\" \",\"timestamp\":1658096524291},{\"id\":\"azb08e6irgi\",\"url\":\"https://docs.olympusdao.finance/main/basics/bonding\",\"description\":\" \",\"timestamp\":1658096541412},{\"id\":\"0qmqkba7utw\",\"url\":\"https://olympusdao.medium.com/introducing-olympus-v2-c4ade14e9fe\",\"description\":\" \",\"timestamp\":1658096568145},{\"id\":\"nw927255hn\",\"url\":\"https://olympusdao.medium.com/introducing-olympus-v2-c4ade14e9fe\",\"description\":\" \",\"timestamp\":1658096577169},{\"id\":\"9v25s8s83ac\",\"url\":\"https://olympusdao.medium.com/introducing-olympus-v2-c4ade14e9fe\",\"description\":\" \",\"timestamp\":1658096621457},{\"id\":\"tl2da9iia1\",\"url\":\"https://olympusdao.medium.com/introducing-olympus-pro-d8db3052fca5\",\"description\":\" \",\"timestamp\":1658096667645},{\"id\":\"k4oib316m4\",\"url\":\"https://olympusdao.medium.com/introducing-olympus-pro-d8db3052fca5\",\"description\":\" \",\"timestamp\":1658096673405},{\"id\":\"586l4r4025g\",\"url\":\"https://docs.olympusdao.finance/main/basics/readme\",\"description\":\" \",\"timestamp\":1658096792274},{\"id\":\"1r07t41ried\",\"url\":\"https://docs.olympusdao.finance/main/basics/readme\",\"description\":\" \",\"timestamp\":1658096796227},{\"id\":\"bmqkktbcmyf\",\"url\":\"https://docs.olympusdao.finance/main/contracts/tokens\",\"description\":\" \",\"timestamp\":1658096810516},{\"id\":\"kgyut4x3sm8\",\"url\":\"https://docs.olympusdao.finance/main/contracts/tokens\",\"description\":\" \",\"timestamp\":1658096822457},{\"id\":\"hpf4l1896lk\",\"url\":\"https://olympusdao.medium.com/vesta-finance-x-olympus-incubator-f2f7103dd34\",\"description\":\"Vesta Finance x Olympus Incubator\",\"timestamp\":1662710263838},{\"id\":\"ac6ck9g8vyu\",\"url\":\"https://olympusdao.medium.com/introducing-olympus-grants-f0a5cfeb56b8\",\"description\":\"Introducing Olympus Grants\",\"timestamp\":1662712706957},{\"id\":\"6glvemuu9n8\",\"url\":\"https://olympusdao.medium.com/introducing-inverse-bonds-9199cc7bf089\",\"description\":\"Introducing Inverse Bonds\",\"timestamp\":1662713020083},{\"id\":\"5u57gkgvvvu\",\"url\":\"https://docs.olympusdao.finance/main/overview/flex-loans/\",\"description\":\"OlumpusDAO - Flex Loans\",\"timestamp\":1674364505320},{\"id\":\"xua2cfi3gsn\",\"url\":\"https://elementalcrypto.com/defi/11-mental-baby-steps-to-understand-olympus-dao/#h-8-11-deciphering-olympus-crypto-ponzinomics-vs-tokenomics\",\"description\":\"Elemental Crypto - Olympus DAO explained\",\"timestamp\":1674366030094},{\"id\":\"boosj59pqil\",\"url\":\"https://www.olympusdao.finance/blog/olyzaps-v2\",\"description\":\"Olympus DAO - Olyzaps V2\",\"timestamp\":1674904964765},{\"id\":\"zz3narwgm7\",\"url\":\"https://olympusdao.medium.com/get-ready-for-olympus-v2-migration-360764a61168\",\"description\":\"Olympus DAO - Olympus V2 Migration\",\"timestamp\":1674905000773},{\"url\":\"https://medium.com/@peapodsfinance/peapods-partners-with-olympus-dao-1ea17fd2df58\",\"description\":\"Medium: 'Peapods Partners with Olympus DAO'\\n\",\"id\":\"EsueYVUyX7\",\"timestamp\":1734271128125},{\"id\":\"bEY2huYyjf\",\"url\":\"https://docs.olympusdao.finance/main/overview/intro/\",\"description\":\"What is Olympus? | Olympus Docs\",\"timestamp\":1759168099644},{\"id\":\"zBJBt5bpyr\",\"url\":\"https://olympusdao.medium.com/coinbase-dex-supercharges-ohm-access-on-base-the-worlds-first-monetary-computer-powered-by-fc2d07e6ea41\",\"description\":\"Coinbase DEX Supercharges $OHM Access on Base\",\"timestamp\":1759168099644},{\"id\":\"UTtePg0mfY\",\"url\":\"https://www.youtube.com/watch?v=l0vRTi8\\\\_FRk\\\\&ab\\\\_channel=Finematics\",\"description\":\" \",\"timestamp\":1759168099644},{\"id\":\"pV6GVdY8yt\",\"url\":\"https://docs.olympusdao.finance/main/governance/governance/\",\"description\":\"Governance at Olympus | Olympus Docs\",\"timestamp\":1759168099644},{\"id\":\"OjqVQd9213\",\"url\":\"https://www.youtube.com/watch?v=mGiRzFIw9Ds\\\\&ab\\\\_channel=DeFi%2CNFT%26Web3Insights-TheDefiant\",\"description\":\" \",\"timestamp\":1759168099644},{\"id\":\"ma4pUessc8\",\"url\":\"https://x.com/OlympusDAO/status/1970776020174118922\",\"description\":\"OlympusDAO on X\",\"timestamp\":1759168099644},{\"id\":\"4TieUTtuhp\",\"url\":\"https://olympusdao.medium.com/olympus-integrates-chainlink-ccip-to-decentralize-cross-chain-ohm-transfers-039132685a57\",\"description\":\"Olympus Integrates Chainlink CCIP\",\"timestamp\":1759168099644}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmRDZNwRFHD7FrJiyzRkW3sYfDXuxQke3r6nsxZKQUav4g\""},{"id":"commit-message","value":"\"docs: Add Governance section, update partnerships, and refresh protocol description\""},{"id":"previous_cid","value":"QmRDZNwRFHD7FrJiyzRkW3sYfDXuxQke3r6nsxZKQUav4g"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xe3e68B5c18fD6C8B24f849ab7cAd44B9F5754bAb"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":["anon"],"speakers":[]},"operator":{"id":"0xbc74F7Beea348c97350e4DBc49227A5Ee7d27D3e"}}