TL;DR: Rebases are gone and growth now comes from a treasury‑first model. Cooler Loans turn gOHM into oracle‑free, fixed‑rate collateral. Range‑Bound Stability (RBS) can keep OHM trading near backing ±2.5 %. Balance sheet: ≈ $200 m reserves, 80 % liquid, earning 4–13 % without reaching for risk. Why care? Olympus has matured into a lab for flat‑coins, repo‑style credit and protocol‑controlled liquidity (POL).