Olympus DAO Development

Mark Your Arrival in DeFi 2.0 with end-to-end DAO
development.

Understanding Olympus DAO Development

Olympus is a decentralized reserve currency protocol that is responsible for the issuance and management of a fully backed, algorithmic, free-floating stable asset, OHM. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX,LP) in the Olympus treasury, giving it an intrinsic value that it cannot fall below, which is arbitrarily $1. Olympus also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

Olympus DAO Development: Filling the Gaps in DeFi 1.0

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Olympus DAO: Gateway to DeFi 2.0

As a community-owned decentralized financial infrastructure, Olympus aims to bring more stability and transparency for the world. By building a DAO like Olympus, businesses can embark their entry into DeFi 2.0 and avail the following benefits.

Consistent with the staking mechanisms that underpin alternative DeFi protocols, users are rewarded based on the amount of OHM tokens they stake. By promising a high rate of return (APY), Olympus encourages its supporters and investors to buy more OHM from the market or act on more bonding from the protocol.

A confluence of these factors help keep the price of OHM high and mitigate against the protocol needing to redeem any liquidity from the pool.

By providing you the gateway to DeFi 2.0, Olympus addresses the following issues in DeFi 1.0:

Many DeFi protocols suffer from a lack of long-term, practical incentives for liquidity providers outside of distributing LP tokens.
Providing liquidity to a pool requires a lock-up of funds and their total value.
DeFi platforms that experience high periods of network activity can often suffer from data congestion.
Consistent with the issues outlined by the blockchain trilemma, many DeFi platforms sacrifice decentralization to allow for higher levels of scalability and security.
Financial services that depend on external or off-chain information need a higher quality of third-party data sources (oracles) than what is currently available in web3.

With Bloom Genesis: Launch Your Olympus DAO like platform today

As a leading DeFi development company, Bloom Genesis understands the immediate need to embrace DeFi 2.0. With proficiency in tailoring DeFi protocols, Bloom Genesis has assisted multiple platforms embark their arrival in the business and gain sustainable liquidity. For a DeFi platform like Olympus DAO, we offer the following modules:

Staking

Staking is the primary value accrual strategy of Olympus. Stakers stake their OHM on the Olympus website to earn rebase rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of OHM staked in the protocol and the reward rate set by monetary policy.

Bonding

3,3 Together

3,3 Together is a no-lose prize pool for sOHM tokens. Here users stake their sOHM for 6 days to get the collective rewards of all the users staked in this vault on the basis of a lottery system.

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