Olympus DAO
Olympus DAO is an Ethereum-based DeFi protocol that issues OHM, a treasury-backed flatcoin governed by token holders, and offers Protocol Owned Liquidity plus oracle-free perpetual Cooler Loans at a fixed 0.5% APR for gOHM holders and protocol treasuries.
- Company typePrivate
- Founded2021
- HeadquartersAmsterdam, Netherlands
- Headcount5,001–10,000
- GTM typeB2C
- OfferingSoftware
What Olympus DAO does
Olympus DAO is a decentralized finance protocol launched in March 2021 on the Ethereum network, operating as a community-governed DAO with primary presence in Amsterdam, Netherlands. The protocol manages OHM, a treasury-backed, free-floating token positioned as a censorship-resistant "flatcoin" alternative to fiat-pegged stablecoins. Core technical components include Protocol Owned Liquidity (POL), which Olympus pioneered to enable the protocol to own its own DEX liquidity; the Emissions Manager (EM), a Kernel-based policy that programmatically issues new OHM based on the premium between market and backing prices; Cooler Loans, an oracle-free, perpetual lending system allowing gOHM holders to borrow USDS at a fixed 0.5% APR with no price-based liquidations; Convertible Deposits auctions for backstopping emissions; the Yield Repurchase Facility for recycling protocol revenue; Range Bound Stability for monetary operations; and a Cross-Chain Bridge extending OHM beyond Ethereum.Governance is conducted on-chain via Snapshot-style proposals, with documented participation in votes such as OIP-94 (947,433 OHM votes from 357 participants) and a reported holder base of 120,000+. Revenue mechanics are minimal and non-traditional: Cooler Loans charge a fixed 0.5% APR that is recycled into the protocol rather than distributed as profit, and Convertible Deposits are issuance auctions rather than fee-generating transactions. The protocol discloses a Treasury Value of $195,000,000 and Liquid Backing of $11.20 per OHM, which are balance-sheet metrics, not revenue. The only confirmed funding event is a $60,000,000 round on 2021-10-29. Distribution is fully self-serve through the Olympus app and DEX channels, with community-driven marketing through Discord, the governance forum, Medium, and Twitter; there are no traditional sales channels or enterprise customers.
Olympus DAO firmographics
Firmographics- Name
- Olympus DAO
- Legal name
- Olympus DAO
- Website
- https://olympusdao.finance
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Olympus DAO is an Ethereum-based DeFi protocol that issues OHM, a treasury-backed flatcoin governed by token holders, and offers Protocol Owned Liquidity plus oracle-free perpetual Cooler Loans at a fixed 0.5% APR for gOHM holders and protocol treasuries.
- Ownership category
- akta.pro rank
Olympus DAO industry classification
Industry- Product category
- Decentralized Finance Protocol
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL)
- akta.pro secondary industries
- Liquidity Management & Market-Making Protocols (FSADAMAH), Decentralized Lending & Borrowing Protocols (FSADAMAA), Coordination & Contributor Management (tasks, bounties, roles) (FSAPAHAD)
Keywords
Where Olympus DAO is headquartered
LocationHeadquarters
- HQ city
- Amsterdam
- HQ country
- Netherlands
- HQ region
- Europe
Markets served
Olympus DAO business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Infrastructure
Revenue model
- Cooler Loans Interest: Interest revenue from perpetual loans extended against gOHM collateral. Loans carry a fixed 0.5% annualized interest rate. Interest payments are recycled into the Yield Repurchase Facility (YRF), liquidity provisioning, and governance-directed initiatives.
- Convertible Deposits Auctions: When premium exceeds the minimum threshold, the protocol creates Convertible Deposits auctions offering OHM in exchange for USDS reserves. If auctions undersell, Bond Protocol markets serve as fallback mechanisms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Cooler Loans - Borrow USDS against gOHM |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Olympus DAO product offering
Product offeringCore offering
Olympus DAO is a decentralized finance (DeFi) protocol on the Ethereum network that issues OHM, a treasury-backed, free-floating cryptocurrency (a "flatcoin"). The protocol uses smart contracts to manage monetary policy, protocol-owned liquidity, and lending through mechanisms such as the Emissions Manager, Yield Repurchase Facility, Cooler Loans, and Convertible Deposits. Customers can stake OHM, borrow USDS via Cooler Loans at a fixed 0.5% APR, provide liquidity, and participate in on-chain governance.
Product overview
Olympus DAO is a decentralized finance system built on Ethereum that supports OHM, a treasury-backed flatcoin. The product portfolio centers on OHM and its governance variant gOHM, surrounded by interconnected financial primitives including Protocol Owned Liquidity (POL) for self-owned market liquidity, Cooler Loans for perpetual USDS borrowing against gOHM collateral, and the Emissions Manager for premium-based supply control. Supporting mechanisms include the Yield Repurchase Facility (YRF), Convertible Deposits (CDs), Range Bound Stability, and Cross-Chain Bridge. The system is governed on-chain through Snapshot voting and community governance processes.
Differentiator
Problem solved
Functional benefit
Brands
- OHM: The protocol's core store of value token - a treasury backed, liquidity-enabling token on the Ethereum network.
- gOHM
- Cooler Loans
- Protocol Owned Liquidity (POL)
Products and services
- OHM OHM is the protocol's core store-of-value token, a treasury-backed, free-floating flatcoin on Ethereum designed to be censorship-resistant smart money. OHM maintains purchasing power via automated monetary policy managed through smart contracts.
- gOHM (Governance OHM) gOHM is the governance token extending OHM utility for on-chain voting and long-term community alignment. gOHM is used as collateral in Cooler Loans and enables participation in protocol decisions including protocol upgrades, collateral management, and monetary policy adjustments.
- Cooler Loans Cooler Loans is a perpetual lending system allowing gOHM holders to borrow USDS using their governance OHM tokens as collateral. Features fixed 0.5% APR, no price-based liquidations, no expiration, and an oracle-free treasury-backed architecture. V2 introduced multi-wallet delegation and unified loan positions.
- Protocol Owned Liquidity (POL) Protocol Owned Liquidity (POL) is the mechanism Olympus pioneered to enable the protocol to own its own liquidity on decentralized exchanges. POL ensures OHM can be bought, sold, or borrowed against even during turbulent market conditions, rather than relying on external liquidity providers.
- Cross-Chain Bridge Cross-Chain Bridge is infrastructure enabling OHM to operate across multiple blockchain networks, expanding utility and accessibility of the Olympus token beyond the Ethereum mainnet.
Companies that use Olympus DAO
Customer profileSegments3 records
Ideal customer profiles3 records
Olympus DAO technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Olympus DAO partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- MessaricoreOlympus DAO partnered with Messari for quarterly reporting services. Messari produces the Olympus Quarterly Review reports covering Q1-Q3 2023 and historical periods.
- KlimaDAOminorOlympus has pledged climate positivity through partnership with KlimaDAO, supporting carbon offset initiatives in the Web3 ecosystem.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
Olympus DAO competitors and assessment
Company assessmentEmerging players
- Synthetix: On-chain synthetic asset and derivatives protocol. Comparable in being a DeFi-native, DAO-governed money primitive competing for the same 'programmable on-chain money' positioning.
- Alchemix: Self-repaying loan protocol using yield-bearing collateral. Overlaps with Olympus's Cooler Loans thesis of novel collateralized credit, but anchored to DeFi yield rather than treasury-backed collateral.
- Reflexer (RAI): Issued RAI as a governance-minimized, floating 'flatcoin' predecessor. Comparable in concept (free-floating, not pegged) but at smaller scale and narrower product surface.
Broad incumbents
- Compound: Major DeFi money market protocol. Comparable as a DeFi lending primitive where users post collateral, but uses variable rates and oracle-based liquidations rather than Cooler Loans' perpetual, oracle-free design.
- Curve Finance: Leading DEX for stablecoin and like-asset liquidity. Comparable in that deep, protocol-owned liquidity is core to its value prop, directly paralleling Olympus's POL thesis.
- Aave: Largest DeFi lending protocol and the dominant reference for collateralized borrowing. Cooler Loans competes for the same use case (DeFi borrowing against crypto collateral) but with a different architecture.
- Balancer: AMM and programmable liquidity protocol. Comparable in being a deep on-chain liquidity infrastructure player that hosts OHM and similar tokens in its pools; relevant for assessing DEX-side competition to POL.
Direct peers
- Frax Finance: Fractional-algorithmic stablecoin/flatcoin protocol with a treasury-backed FRAX token and protocol-owned liquidity, directly comparable to Olympus's 'flatcoin' framing and monetary policy mechanism.
- MakerDAO: Pioneer DAO issuing a treasury/backing-backed crypto asset (DAI) governed by token holders. Most structurally analogous to Olympus's model of on-chain monetary policy and community governance.
- Liquity: Decentralized borrowing protocol using LQTY/LUSD and a stability pool. Shares Olympus's focus on algorithmic, over-collateralized on-chain money with no governance over parameters.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Olympus DAO social profiles
Digital presenceOlympus DAO financial estimates
Financial estimateRevenue estimate
Valuation estimate
Olympus DAO leadership team
Management profileNumber of profiles
Profiles1 record
Olympus DAO funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Olympus DAO M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Olympus DAO
What does Olympus DAO do?
Olympus DAO is a decentralized finance (DeFi) protocol on the Ethereum network that issues OHM, a treasury-backed, free-floating cryptocurrency (a "flatcoin"). The protocol uses smart contracts to manage monetary policy, protocol-owned liquidity, and lending through mechanisms such as the Emissions Manager, Yield Repurchase Facility, Cooler Loans, and Convertible Deposits. Customers can stake OHM, borrow USDS via Cooler Loans at a fixed 0.5% APR, provide liquidity, and participate in on-chain governance.
Is Olympus DAO a public or private company?
Olympus DAO is a private company. It is classified as unknown and is currently operating.
When was Olympus DAO founded?
Olympus DAO was founded in 2021. It employs 5,001 to 10,000 people.
Where is Olympus DAO based?
Olympus DAO is headquartered in Amsterdam, Netherlands, in the Europe region.
How does Olympus DAO make money?
Two revenue lines are on record. Cooler Loans Interest is the primary driver. The others are convertible Deposits Auctions.
Who are Olympus DAO's main competitors?
Emerging players on record are Synthetix, Alchemix and Reflexer (RAI). Broad incumbents are Compound, Curve Finance, Aave and Balancer. Direct peers are Frax Finance, MakerDAO and Liquity.
Does Olympus DAO have an API?
No public API is recorded for Olympus DAO.
What industry is Olympus DAO in?
Olympus DAO's product category is Decentralized Finance Protocol. Its primary akta.pro industry code is FSADAMAL, DAO Treasury, Governance & On-Chain Finance Tools, with a secondary code of FSADAMAH, Liquidity Management & Market-Making Protocols. Its NAICS code is 522320 and its SIC code is 6200.