Market cap
$300.6M
-0.46 %
Volume (24h)
$33.83K
-0.46 %
Circulating supply
16,376,217 OHM
Total supply
20,985,708 OHM
Olympus (OHM)
$ 20.06
-0.46 %
Main info
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Key data
updated $0Market cap$300.6M
Volume 24h$33.83K
Circulating supply16.38M
All-time high$1,415.26-99% from peak · 2021-04-24
Olympus (OHM) is the native token of OlympusDAO, a decentralized finance protocol on Ethereum that pioneered the idea of protocol-owned liquidity. Instead of renting liquidity from users, the protocol built a treasury of assets that backs every OHM in circulation. It's not a stablecoin — OHM floats freely on the market — but each token has a real basket of assets sitting behind it.
Frequently asked questions
What is Olympus (OHM) and how is it different from other tokens?
Olympus is a DeFi protocol that issues OHM as a reserve-currency-style token backed by a treasury the protocol owns outright. Most projects rent liquidity by paying users to provide it; Olympus pioneered bonds that let the protocol buy liquidity permanently for itself. And unlike a stablecoin, OHM isn't pegged to anything — it trades freely, with the treasury as its backing.
How does Olympus work under the hood?
OHM is an ERC-20 token, so it runs on Ethereum and relies on Ethereum's proof-of-stake consensus — Olympus has no blockchain or mining of its own. The protocol itself is a set of smart contracts that manage the treasury, staking, and bonding. OHM stakers govern it as a DAO, voting on changes through formal improvement proposals.
How is new OHM created?
New OHM is minted as staking rewards, and those rewards are funded by the treasury, mainly from profits on bonds it sells. The reward rate is a policy variable that governance can tune, so emission isn't hardcoded forever. Because every OHM is backed by treasury assets, the protocol can also buy back and burn tokens to manage supply.
How do I store and use OHM?
OHM is a standard ERC-20 token, so any Ethereum-compatible wallet works — MetaMask, Trust Wallet, or a hardware wallet like Ledger or Trezor. The main uses are staking to earn rewards and voting on protocol governance. Many holders use the wrapped staked version, gOHM, which accrues staking yield automatically and is easier to move around DeFi.