Metaverse, Gamefi, web3 and Defi2.0 are the hottest concepts in the circle of digital currency this year.

As a phenomenal DAO Protocol, Olympus (OHM) extended its influence beyond the circle this summer.

Olympus is a protocol that issues and administers completely mortgaged, algorithmic and freely-floating OHM of stable assets. OHM is completely mortgaged. It is supported by the encrypted asset coffer within the range of Olympus DAO. This is called protocol control value.

OHM aims to create a dec-oriented reserve currency, i.e. DAO. The recent goal is to use stake-bond/lpl sale (game theory) to realize the fast growth of value reserve (high-apy stake stimulates the user to pledge (a pledge rate of 92% now); discounted bond sale is expected to add national treasury and support the high apy of stake). The long-term goal is to realize development of a reserve currency OHM with a high purchasing power (the pledged apy will become balanced with the increase in value reserve). OHM isn’t a benchmark of other currencies. Instead, it is expected to become a dec primitive currency with a high purchasing power.

It has such liquidity and keeps it in DAO coffer. As of December 3, 2021, OHM DAO coffer held five encrypted assets with a value of nearly 900 million US dollars. Despite enormous disputes, OHM still became hot rapidly, which shows the attractiveness of DAO.

Numerous historic evidences prove that people pursue capitals wherever they are. After OHM had become popular beyond the circle, diversified DAOs emerged rapidly.