Olympus

Olympus is a decentralized finance protocol that describes itself as programmable monetary infrastructure, centered on OHM, a token whose value is backed by a treasury of assets held and managed entirely on-chain. The protocol aims to address the absence of a stable, sovereign monetary layer in DeFi — one that does not rely on a central issuer or a fixed peg to a fiat currency. It is designed for participants who want access to on-chain credit and liquidity managed by algorithmic policy rather than human discretion.

OHM is a treasury-backed token, meaning each unit in circulation is supported by assets the protocol itself owns rather than by collateral deposited by individual users. The protocol operates across several blockchain networks including Ethereum, Arbitrum, Optimism, Solana, and Berachain, using mechanisms such as Protocol Owned Liquidity, Cooler Loans, Convertible Deposits, a Yield Repurchase Facility, and a Range Bound Stability system to manage the token's purchasing power, the depth of its liquidity, and the terms of on-chain lending. There is no traditional consensus algorithm listed for OHM itself because it is an application-layer protocol that settles on the underlying blockchains it deploys to.

The protocol recorded fees of 3,970 USD in the most recent 24-hour period, 51,250 USD over the trailing 7 days, 149,427 USD over the trailing 30 days, and 2,730,317 USD over the trailing 12 months. The annualized figure derived from the trailing 30 days stands at 1,818,028.50 USD. The take rate is 100% over the trailing 30 days, meaning the protocol retains all fees it collects and none flows to a supply side such as external liquidity providers; supply-side revenue for the trailing 30 days is recorded as zero. Fees fell by 18.46% over the last 30 days.