Olympus is a "non pegged stablecoin" that attempts to be less volatile than traditional cryptocurrencies while not being pegged to any fiat currencies. Instead, the value of its OHM token is meant to float based on the value of its underlying treasury of assets and parameters set by the DAO. It achieves this through minting OHM when it is greater than its intrinsic value and burning OHM when it is less. The end goal of the project is to become a crypto-native currency that is used as an alternative to the USD or other fiat currencies.