Climbing Mount OlympusDAO: An Experimental Free Floating Algorithmic Currency

Jun 15, 2021 ⋅  12 min read

OlympusDAO is an algorithmic non-pegged stable currency offering 90,000% APY. Yea, you heard that right. Launched only 2 months ago, the protocol has since generated over $3 million in revenue in April alone. OlympusDAO utilises several experimental market operations that are relatively different to other DeFi protocols via staking and bonding mechanisms. Read on for a full breakdown of how the different mechanisms work and why they synergize to ensure the longevity of the protocol.

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