The best articles, podcasts and other resources to learn about investing in the OlympusDAO ecosystem
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Articles and Blogs
Blockcast Admin, July 31, 2021, Blockcast
This is a project you may have heard of, because it has a very high APY and (3,3) profiles are all over Twitter. Why is the price of a “stable currency” like OHM so high? This seems a bit strange.
How does Olympus work? Are the benefits sustainable? What is (3,3) anyway? This is why this article will explain and emphasize why Olympus has quickly become one of DeFi’s most interesting protocols.”
Jamie Redman, November 1, 2021, Bitcoin.com
“In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not …”
Owen Fernau, October 26, 2021, The Defiant
“They say imitation is the highest form of flattery. In crypto, this manifests as forks, or copies of a project’s codebase. In that sense, OlympusDAO must be feeling pretty flattered.
A slew of forks (over 30, according to DeFi influencer mewnyfish) of the OlympusDAO codebase have emerged.
OlympusDAO’s protocol-owned liquidity model has been a catalyst for the DeFi 2.0 movement, and its success is inspiring copycats. At a $4B market cap, the project’s OHM token has vaulted into the 50th slot among digital assets as of Oct. 25 after going up over 200% in the last 30 days, according to Coingecko.” …
Nat Eliason, October 8, 2021, Every
“It’s hard to admit when you’re wrong. But I was very wrong about Olympus.
When a crypto project has a cult-like following and super high APRs, I usually take that as a sign it’s some kind of scam.
So when I kept hearing about $OHM from the “Ohmies,” with “(3,3)” in their twitter handles and saw the ridiculously high APY on the Olympus site, I just assumed it was another ponzi coin with unusually good community and memeing skills.” …
Brinc.fi, Novemeber 3, 2021, Medium
“OlympusDAO ($OHM) has been in the limelight as of late in the DeFi world, and it’s sparked a bunch of forks (most notably Wonderland) following in its footsteps. Why are these protocols being talked about, and what makes them unique? As we pull back the layers of these protocols, we’ll hopefully offer you some more clarity on these protocols (and their tokens) and how it all fits in within the new world of Defi 2.0.-defining businesses.” …
Zhong Yang Chan, November 12, 2021, CoinGecko
“In their own words, Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets in the Olympus treasury. The goal of the project is to build a policy-controlled currency system, in which the behaviour of the OHM token is controlled at a high level by the OlympusDAO. The pseudonymous founder(s) believe this system can be used to optimise for stability and consistency so that OHM can function as a global unit-of-account and medium-of-exchange currency.
The protocol was launched in May 2021, and has since amassed a sizable treasury balance, as well as total value locked (TVL) in their staking pool.” …
“Olympus is building a community-owned decentralized financial infrastructure to bring more stability and transparency for the world.” …
Podcasts and videos
Blockcrunch: The Crypto Investor Podcast with @MrJasonChoi
“Every other month a new “algorithmic currency” is created in crypto – and one of the latest, Olympus, launched to a whopping $60M market cap. By listener request, the anonymous developers behind Olympus (@OlympusDAO) joins us in breaking down:
– What sets OHM apart from other algo currencies?
– How will OHM maintain stability?
– Are there any use cases for OHM beyond speculation?
This show is not financial advice; show host and guest may hold some of the assets discussed.” …
Bankless with Zeus from OlympusDAO – YouTube
“Olympus DAO and its native OHM token have taken over the meme-osphere. With its novel tokenomics, it has become an emergent powerhouse in this DeFi 2.0 phenomenon. With Olympus Pro on the way, the DAO seeks to change the current mercenary structures of yield farming and replace it with a sustainable and stable ecosystem.” …
Whiteboard Crypto – YouTube
“OlympusDAO has been one of the trendiest topics in the world of DeFi lately. Are they a legitimate project, or some rug pull scam that’s been gamified?” …
Price Time – YouTube
“First, I’ll give a brief introduction to OlympusDAO for those of you who are unfamiliar. This will provide a foundation for you to understand the purpose of the DAO. Then, I’ll walk you through the process step-by-step of how to buy and stake OlympusDAO on the Ethereum network. Finally, I’ll show you how to gain access to the staking rewards of OlympusDAO on the Avalanche network which has significantly fewer fees than the Ethereum network.”
Last updated November 1, 2021 (at time of publishing)
In-depth documentation by the anonymous Olympus team themselves.
The Olympus subreddit, where users engage with thoughts and questions about the Olympus ecosystem, and offer their experiences to newcomers.
Get educated. Check out The Investor’s Guide to Bitcoin, The Investor’s Guide to NFTs, The Investor’s Guide to DeFi and The Investor’s Guide to the Metaverse.
The content of this webpage is not investment advice and does not constitute any offer or solicitation to offer or recommendation of any company, product, or idea. It is for general educational purposes only and does not take into account your individual needs, investment objectives or specific financial circumstances.