Olympus DAO

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Olympus is a decentralized autonomous organization (DAO) focused on creating a decentralized reserve currency for Web3.

History

On February 1st, 2021 a Medium article was posted, "Introducing OlympusDAO, An Algorithmic Currency Protocol."[1] Shortly after, the protocol also introduced themselves on Twitter. The token was initially named $OLY but then changed to $OHM.[2] The founder of Olympus goes by the pseudonym Zeus. The protocol reached a peak TVL of $860 million in December of 2021.

Timeline

The Initial Discord Offering (IDO) for the Olympus token, $OHM, was announced on March 2nd, 2021.[3] The only requirement was to be in the Olympus Discord prior to March 3rd at 03:00 UTC.

The launch sale took place from March 12th 03:00 UTC to March 14th 15:00 UTC.

Public trading of the $OHM token opened on March 14th at 18:00 UTC.

On June 9th of 2021, Olympus announced a partnership with Frax. [4]

In the same month, Olympus migrated to Version 1.1 to enable new functionality and features.[5]

In July 2021, Olympus launched Ohmie-Cards which garnered widespread use on crypto twitter. [6]

On September 17th of 2021, Olympus launched Olympus Pro; a bonding marketplace for protocols to build-up their own Protocol Owned Liquidity.[7]

The next month, Olympus announced the upcoming V2 migration[8] that would eventually take place in December 2021.[9]

  1. ↑ https://olympusdao.medium.com/introducing-olympusdao-a-true-digital-currency-protocol-648c00c572d2
  2. ↑ https://twitter.com/OlympusDAO/status/1356743104309563392
  3. ↑ https://olympusdao.medium.com/initial-discord-offering-the-olympus-fair-launch-event-484987c32e89
  4. ↑ https://olympusdao.medium.com/ohm-x-frax-a-new-breed-of-partnership-95cd1cc01770
  5. ↑ https://olympusdao.medium.com/olympus-v1-1-whats-in-it-293843a8d4dc
  6. ↑ https://twitter.com/OlympusDAO/status/1417541776777392133
  7. ↑ https://olympusdao.medium.com/introducing-olympus-pro-d8db3052fca5
  8. ↑ https://olympusdao.medium.com/introducing-olympus-v2-c4ade14e9fe
  9. ↑ https://olympusdao.medium.com/get-ready-for-olympus-v2-migration-360764a61168
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