This page refers to Olympus v2. For Olympus v1, please visit here
OHM

Olympus v2OHM

Rank #3001
Token
On 52,701 watchlists

Olympus v2 Price (OHM)

$10.64
2.15%

0.000552 BTC0.03%

0.007944 ETH0.52%

Low:$10.34
High:$10.65
24h
OHM  Olympus v2 OHM
Price:
$10.64
 2.15%
Market Cap
$17,699,118
0.00%
Fully Diluted Market Cap
$15,070,018
2.15%
Volume
24h
$585,141
8.71%
Volume / Market Cap
0.03306
Self Reported Circulating Supply
1,663,068.00 OHM
Max Supply
--
Total Supply
1,416,029
Sponsored

Olympus v2 to USD Chart

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OHM to USD Converter

OHM

Olympus v2

USD

United States Dollar

OHM Price Statistics

Olympus v2 Price Today
Olympus v2 Price$10.64
Price Change24h$0.2239
2.15%
24h Low / 24h High
$10.34 /
$10.65
Trading Volume24h$585,141.45
8.71%
Volume / Market Cap0.03306
Market Dominance0.00%
Market Rank#3001
Olympus v2 Market Cap
Market Cap$17,699,118.43
Fully Diluted Market Cap$15,070,018.17
2.15%
Olympus v2 Price Yesterday
Yesterday's Low / High
$10.34 /
$10.65
Yesterday's Open / Close
$10.39 /
$10.62
Yesterday's Change

2.2%

Yesterday's Volume$592,478.30
Olympus v2 Price History
7d Low / 7d High
$9.29 /
$10.65
30d Low / 30d High
$9.04 /
$12.20
90d Low / 90d High
$9.04 /
$16.97
52 Week Low / 52 Week High
$9.04 /
$3,209.43
All Time High
Nov 16, 2021 (10 months ago)
$3,209.43
99.67%
All Time Low
Sep 19, 2022 (8 days ago)
$9.04
17.74%
Olympus v2 ROI

77.37%

Olympus v2 Supply
Circulating Supply1,663,068 OHM
Total Supply1,416,029 OHM
Max SupplyNo Data

OHM to USD Converter

OHM

Olympus v2

USD

United States Dollar

OHM Price Live Data

The live Olympus v2 price today is $10.64 USD with a 24-hour trading volume of $585,141 USD. We update our OHM to USD price in real-time. Olympus v2 is up 2.15% in the last 24 hours. The current CoinMarketCap ranking is #3001, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy Olympus v2 at the current rate, the top cryptocurrency exchanges for trading in Olympus v2 stock are currently XT.COM, Uniswap (V3), SushiSwap, and Korbit. You can find others listed on our crypto exchanges page.

To find out even more about this project, check out our deep dive of Olympus.

What Is Olympus (OHM)?

Olympus is an algorithmic currency protocol with the goal of becoming a stable crypto-native currency. Though sometimes called an algorithmic stablecoin, Olympus is more akin to a central bank since it uses reserve assets like DAI to manage its price. The goal is to achieve price stability while maintaining a floating market-driven price. The biggest difference between OHM and stablecoins like USDC is that OHM is backed but not pegged to a certain price. Technically, the price floor for OHM is 1 DAI, but practically a premium and the treasury value is added to the price. OHM differs from other algorithmic stablecoins like Ampleforth (AMPL) because it issues OHM to buy DAI and other assets and maintain a treasury. This mechanism is similar to FEI; the key difference is that FEI keeps a dollar peg, and Olympus allows its token to float.

Who Are the Founders of Olympus?

Olympus is run as a DAO, meaning its governed by its community in a fully decentralized manner through smart contracts. The protocol was founded by a group of anonymous accounts going by the names of “Zeus,” “Apollo,” “Unbanksy,” and “Wartul.”

According to GitHub, the main code contributors have been “Zeus” and Jeff Extor. Zeus is rumored to be a teenager, captivating the community with his charismatic personality. Olympus did have a couple of private backers before the initial launch, such as Zee Prime Capital, Nascent, D64 Ventures, Maven11 Capital, and a few unnamed individuals.

What Makes Olympus Unique?

Olympus has been called one of the most interesting economic experiments in the DeFi space for several reasons. Olympus owns a treasury that mints and sells new OHM when it is trading above its price floor of 1 DAI and buys back and burns OHM when it is trading below that. OHM is issued by a process called bonding. Users sell an asset like FRAX, DAI, or wETH to the treasury and receive discounted OHM in return. They can also choose to provide FRAX-OHM or DAI-OHM as liquidity to the SushiSwap liquidity pool and receive discounted OHM. The bond is redeemed after a five-day vesting period.

Users can also choose to stake OHM, which reduces the supply of OHM on the open market and creates value for the protocol. Staking rewards are extremely high on Olympus and note north of 7,000% APY at the time of writing, down from over 100,000% at the beginning of the protocol. Moreover, staking rewards auto-compound every eight hours. The goal of these high rewards is to reward users for accumulating more OHM instead of hoping for an appreciation of OHM in USD terms. The protocol acknowledges that the price of OHM could, and potentially should, come down in dollar terms in the long run. However, the goal of this aggressive accumulation strategy is to expand the protocol’s market capitalization and grow the treasury.

Although Olympus did initially not have any use case beyond growing its treasury, it recently announced the launch of Olympus Pro. With Olympus Pro, the DAO will provide its bonds as a service to selected partner protocols, allowing them to grow their own treasury instead of relying on “mercenary capital” in the form of liquidity pools.

Lastly, Olympus is well-known for its strong marketing and meme game, allowing it to build and grow one of the most vibrant communities in the space. It has introduced the “3,3” meme, a simplified version of communicating that staking capital with the protocol is optimal for both parties involved. This modification of the “hodl” meme used by bitcoiners has become one of the most widespread additions to Twitter handles alongside .eth addresses.

Check out Ampleforth (AMPL) — an algorithmic stablecoin.

Check out TerraUSD (UST) — an algorithmic stablecoin on the Terra blockchain.

Learn how decentralized finance works in our DeFi 101 guide.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many Olympus (OHM) Coins Are There in Circulation?

Since its intention is to be a free-floating currency, the total supply of OHM is uncapped. Currently, over 1.7 billion OHM are staked with the network. Prior to the “Initial Discord Launch” that allowed non-US users that were early enough a part of the Olympus Discord channel to participate in a private sale, the team vested pOHM, a derivative of the main OHM token. It allows the team to mint OHM for every pOHM, which subsequently gets burned. Vesting is as follows:

Team: 330m pOHM and 7.8% supply

Investors: 70m pOHM and 3% supply

Advisors: 50m pOHM and 1% supply

pOHM holders finish vesting anywhere between two and five billion OHM, meaning it is in their interest to grow the protocol.

How Is the Olympus Network Secured?

OHM is an ERC-20 token on Ethereum. The network is governed as DAO and constantly features new OIPs (Olympus Improvement Proposals).

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains for DAOs and is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

When Will Olympus Trading Begin?

Olympus had its presale between March 12 and March 14, 2021.

Where Can You Buy Olympus (OHM)?

OHM is available on UniSwapV2 and SushiSwap.

OHM to USD Converter

OHM

Olympus v2

USD

United States Dollar

OHM Price Statistics

Olympus v2 Price Today
Olympus v2 Price$10.64
Price Change24h$0.2239
2.15%
24h Low / 24h High
$10.34 /
$10.65
Trading Volume24h$585,141.45
8.71%
Volume / Market Cap0.03306
Market Dominance0.00%
Market Rank#3001
Olympus v2 Market Cap
Market Cap$17,699,118.43
Fully Diluted Market Cap$15,070,018.17
2.15%
Olympus v2 Price Yesterday
Yesterday's Low / High
$10.34 /
$10.65
Yesterday's Open / Close
$10.39 /
$10.62
Yesterday's Change

2.2%

Yesterday's Volume$592,478.30
Olympus v2 Price History
7d Low / 7d High
$9.29 /
$10.65
30d Low / 30d High
$9.04 /
$12.20
90d Low / 90d High
$9.04 /
$16.97
52 Week Low / 52 Week High
$9.04 /
$3,209.43
All Time High
Nov 16, 2021 (10 months ago)
$3,209.43
99.67%
All Time Low
Sep 19, 2022 (8 days ago)
$9.04
17.74%
Olympus v2 ROI

77.37%

Olympus v2 Supply
Circulating Supply1,663,068 OHM
Total Supply1,416,029 OHM
Max SupplyNo Data