Olympus DAO: Mechanisms & Valuation
socrates and platoIntroductionOlympus DAO spawned the “DeFi 2.0” meme, pioneered protocol-owned-liquidity, ran to $4B market cap (and back down to $1B), got forked 69 times, and now everyone either hates it or loves it (mostly hates it as of late). So, how does it work? Is it a ponzi? What is fair valuation? Am I gonna make it? The only way to actually answer any of these questions is to dissect the protocol, understand its mechanisms, and then reason up from there. Let’s do that. But first, ...
Olympus DAO: Mechanisms & Valuation
socrates and platoIntroductionOlympus DAO spawned the “DeFi 2.0” meme, pioneered protocol-owned-liquidity, ran to $4B market cap (and back down to $1B), got forked 69 times, and now everyone either hates it or loves it (mostly hates it as of late). So, how does it work? Is it a ponzi? What is fair valuation? Am I gonna make it? The only way to actually answer any of these questions is to dissect the protocol, understand its mechanisms, and then reason up from there. Let’s do that. But first, ...
