Olympus

Olympus is a decentralized finance protocol that issues OHM, a token backed by a treasury of assets held and managed entirely on-chain. Its stated purpose is to act as programmable monetary infrastructure — a kind of on-chain central bank — that manages the value, liquidity, and credit of OHM through algorithmic policy rather than human discretion. It is aimed at DeFi participants who want exposure to a treasury-backed token whose monetary policy is governed by code rather than a central authority.

OHM is minted and managed against a protocol-owned treasury, with mechanisms including Protocol Owned Liquidity, Cooler Loans, Convertible Deposits, a Yield Repurchase Facility, and Range Bound Stability working together to regulate supply and price. The protocol owns its own liquidity directly rather than renting it from external providers, which is intended to make the system self-sustaining. OHM exists across several blockchain environments including Ethereum, Arbitrum, Optimism, Solana, and Berachain, and there is no consensus algorithm recorded for the token itself, as it is an application-layer asset rather than a base-layer chain.

All fees recorded in the data flow entirely to the protocol itself, as the take rate stands at 100% over the trailing 30 days, meaning no revenue was distributed to external liquidity providers or token holders via that channel during that period — supply-side revenue for the trailing 30 days is recorded at zero. Over the trailing 30 days, the protocol collected 147,509 dollars in fees, which is the same figure recorded as protocol revenue for that period, and over the trailing 12 months total fees and revenue each reached 2,558,339 dollars. Annualizing the most recent 30-day figure produces an annualized fee and revenue figure of 1,794,692.83 dollars, and fee and revenue growth over the last 30 days both registered above 144 percent.