OlympusDAO Fundamentals are exploding, how OHM holders are benefiting from it


In just three weeks, OlympusDAO’s original OHM has risen from $ 812 to $ 1,639 at the time of writing. In the 30-day chart, the token has a gain of 74.2% and a gain of 55% in the 7-day chart. The foundation of the protocol continues to grow at an impressive rate and could yield further gains.

OlympusDAO OHM
OHM is moving sideways on the daily chart. Source: Coingecko

data shared by the OlympusDAO revealed an increase in the number of OHM holders. Below 1,000 at the end of March 2021, this figure more than doubled in April and stands at 3,300. Over the past 30 days, OHM holders have grown exponentially.

OlympusDAO OHM OHMUSDT
Source: Dune Analytics via OlympusDAO

The team also shows an increase in the risk-free value of Treasury assets, which is used to measure the minimum value of OlympusDAO assets. As the team said, “no matter where the price hoe; this goes flat or up ”. The metric stands at 2,807,363 DAI at the time of writing and has gone parabolic since April 21st.

OlympusDAO OHM OHMUSDT
Source: Dune Analytics via OlympusDAO

The market value of Treasury Assets, related to OHM’s price performance, is $ 25,147,490 million and grew similarly in the last month. As the team said, 90% of OHM’s offering has been consistently deployed with the “3.3” as the dominant investment strategy.

As a result, the Total Value Locked (TVL) protocols have risen after a decline in late March. Since then, the statistic has risen with the fastest growing last week. OlympusDAO registered $ 150 million in TVL. The team said the following about potential rewards for investors:

It doesn’t look like they will stop for those strikers anytime soon; OHM waiting to be handed out to strikers is now deployed 20x more than OHM, insuring at least> 50,000% APY for the next six months.

OlympusDAO OHM
Source: Dune Analytics via OlympusDAO

OlympusDAO liquidity is on the rise

Additional data indicates a liquidity accumulation on the protocol. The trading pairs pool DAI / OHM and OHM / DAI is up and has grown from $ 3 million at the protocol launch to $ 28 million at the time of writing. 83% of the pool’s liquidity is owned by the Treasury, as the team clarified. They added the following:

This property is so much so that external LPs should feel quite comfortable to be deployed in the pool. A significant risk on a liquidity provider’s side is that everyone pulls and they end up holding the bag. This risk is significantly minimized when the protocol has a majority share.

Created as an algorithmic currency protocol, OlympusDAO has developed a mechanism that uses asset hedging as a supply constraint. Their native token OHM is beaten by the liquidity provided in DAI or OHM-DAI LP sent to the protocol. As the anonymous user “Shadow” explained, the protocol is designed to protect its investors:

OlympusDAO retains your purchasing power through the rebasing you use OHM. Rebasing is nothing more than hitting a new OHM that is paid to the strikers. The rebase is shown as a% increase in OHM deployed per epoch (8 hours). The APY is just the one-year auto-build rebase.



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