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

This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.

You may also like