Why DeFi Projects Are Flocking to OlympusDAO Bonding - Decrypt - Deepstash
Why DeFi Projects Are Flocking to OlympusDAO Bonding - Decrypt

Why DeFi Projects Are Flocking to OlympusDAO Bonding - Decrypt

Curated from: decrypt.co

Ideas, facts & insights covering these topics:

3 ideas


45 reads

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

<p><span>In a heated </span><a...

In a heated Senate hearing on stablecoins this past week, one name came up far more than anyone in crypto would have expected: OlympusDAO and its OHM stablecoin. OHM is a so-called stablecoin that, unlike other stablecoins, is not pegged to a fiat currency. Its price has declined sharply recently, but that hasn’t stopped a slew of DeFi projects from partnering with OlympusDAO because they want to tap its white-label liquidity solution, OlympusPro. 


17 reads

<p><span>Fixing this arrangeme...

Fixing this arrangement is thus the promise of so-called DeFi 2.0 projects, like OlympusDAO. One particular feature is Olympus’ bonding function .

Olympus bonds are similar to traditional bonds. They offer users a way to buy discounted OHM tokens by swapping either a handful of cryptocurrencies or liquidity provision (LP) tokens from another exchange like SushiSwap.


14 reads

<p><span>But it's the bonding ...

But it's the bonding mechanism, not the staking, that’s got DeFi projects excited.

The mechanism is unique enough that Olympus has now rolled out a bonding-as-a-service product called OlympusPro. For a 3.3% fee on all bond payouts in a project’s native token, the Olympus team will implement this bonding mechanism for you. 


14 reads



#engineering, #machinelearning and #crypto

Decebal Dobrica's ideas are part of this journey:

Introduction to Web 3.0

Learn more about crypto with this collection

The differences between Web 2.0 and Web 3.0

The future of the internet

Understanding the potential of Web 3.0

Related collections

Read & Learn

20x Faster





Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates