Summary
Whitelist for veBAL voting:
References
[Website] https://www.olympusdao.finance/
Protocol Description
Olympus DAO is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. UST, DAI, FRAX, wETH) in the Olympus treasury, giving it an intrinsic value. Olympus also introduces novel economic dynamics into the market through staking and bonding.
Motivation
Recently Olympus DAO seeded a tri-pool with OHM-DAI-wETH with the intention of utilizing the pool for the Olympus Incubator program. The original intention was that protocols can use Copper or PrimeDAO to raise in OHM, bringing volume through Balancer. However, Olympus is now interested in growing the pool further to facilitate a deeper meta pool for prospective partners and to deepen its relationship with Balancer. To this end, Olympus is proposing a BAL gauge for the pool, which will draw additional third party capital and allow Olympus to begin participating in governing the burgeoning Balancer ecosystem.
Specification
Governance: OlympusDAO is governed by OHM and gOHM token holders through snapshot votes and forum proposals.
Oracles: No use of oracles within the OlympusDAO protocol.
Audits: Same link as above within docs.
Centralization vectors: Specific treasury functions are controlled through a multisig, however Olympus has made it a focal point of its mission to work toward full decentralization including the treasury and full on-chain governance. Olympus is currently in discussions with Balancer to be a key component of the shift to on-chain governance.
Market History: OHM launched and was made transferable on March 23rd with incentives for users to provide liquidity in exchange for the OHM token. OlympusDAO using the veBAL voting system to boost BAL rewards for its OHM pools along with Olympus ecosystem partners.