OlympusDAO

OlympusDAO

Bio
$OHM is a decentralized reserve currency that remains unbound by a peg.
Category
Protocol
Token
$OHM
Chain
ETH

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📙 About the DAO

"Dollar-pegged stablecoins have become an essential part of crypto due to their lack of volatility as compared to tokens such as Bitcoin and Ether. Users are comfortable with transacting using stablecoins knowing that they hold the same amount of purchasing power today vs. tomorrow. But this is a fallacy. The dollar is controlled by the US government and the Federal Reserve. This means a depreciation of dollar also means a depreciation of these stablecoins.

OlympusDAO aims to solve this by creating a free-floating reserve currency, OHM, that is backed by a basket of assets. By focusing on supply growth rather than price appreciation, OlympusDAO hopes that OHM can function as a currency that is able to hold its purchasing power regardless of market volatility." (source)

🏆 Notable Differentiators:

(Coming Soon)

📝 Further Reading:

👥 Members:

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⏭️ Related DAOs:

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