Olympus Price Chart (OHM)

Olympus (Symbol: OHM) is a native token developed by Olympus, a DAO first project actively working toward complete distribution of the system to the community. Olympus is a floating algorithmic currency. This means that it has mechanisms to promote stability and predictablility without directly pegging to any asset. However, we take it one step further with the introduction of adjustable policy; the DAO can move certain variables up and down to target growth and profitability or stability and predictability. Every OHM is backed by DAI and OHM-DAI LP in the treasury. This intrinsic value cannot be diluted, providing a fundamental check on inflation. New OHM is created via direct sales into the market. These sales increase linearly with the market premium and produce profits for stakers. It is also created via deferred sales for LP. Bonders lock their LP for a vesting term and receive a discount on OHM when the trade ultimately occurs.