Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX) in the Olympus treasury. OHM is backed by 1DAI, not pegged to it. Users can get inflation rewards from Stake OHM and bond LP to get OHM tokens sold at a discount.
Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX) in the Olympus treasury. OHM is backed by 1DAI, not pegged to it. Users can get inflation rewards from Stake OHM and bond LP to get OHM tokens sold at a discount.